241 N Verdugo Rd Glendale, CA 91206
Citrus Grove NeighborhoodEstimated payment $13,820/month
Highlights
- 32.14 Acre Lot
- Laundry Room
- 1-Story Property
- No HOA
About This Home
241 N Verdugo, 243 N Verdugo and 1322 E California Don't miss out on this great owner user or investment/development opportunity! This is an investor’s and developer’s dream! A Rare Development Opportunity in an Extremely Prime Glendale Location! Unlock the Full Potential of these exceptional 3 Properties with Endless Development Possibilities. There is Potential to keep all 3 properties and possibly add up to 6 ADU’s. This offering is ideal for Mixed Use, Multi-Unit Development or a High-Yield Investment building on an approximately 14,526 square foot lot with approximately 3,500 square feet of commercial and the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. Build New Wealth! Rare properties like these in this area sell very quickly, are priced right, and will not last long in this hot market!
Listing Agent
Markarian Realty Brokerage Email: MarkarianRealty@gmail.com License #01059771 Listed on: 07/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,782
Year Built
- Built in 1921
Lot Details
- 32.14 Acre Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
- 5645003046
Parking
- 3 Car Garage
Home Design
- Apartment
Interior Spaces
- 19,000 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 3403
- Assessor Parcel Number 5645003070
- $192 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $25,800
- Gross Income $103,000
- Net Operating Income $77,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,782 | $619,108 | $501,981 | $117,127 |
| 2024 | $6,782 | $606,970 | $492,139 | $114,831 |
| 2023 | $6,629 | $595,070 | $482,490 | $112,580 |
| 2022 | $6,512 | $583,403 | $473,030 | $110,373 |
| 2021 | $6,401 | $571,964 | $463,755 | $108,209 |
| 2020 | $6,308 | $566,100 | $459,000 | $107,100 |
| 2019 | $6,155 | $555,000 | $450,000 | $105,000 |
| 2018 | $2,556 | $223,029 | $222,862 | $167 |
| 2017 | $40 | $218,657 | $218,493 | $164 |
| 2016 | $2,403 | $214,370 | $214,209 | $161 |
| 2015 | $2,355 | $211,151 | $210,992 | $159 |
| 2014 | $2,347 | $207,015 | $206,859 | $156 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $2,399,999 | +166.7% | $126 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $899,999 | -- | $736 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,005,500 | Chicago Title Company |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25167811
APN: 5645-003-070
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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