1748 North Verdugo Road

$9,000,000, 40 Beds 30 Baths 25,176 Sqft .84 Acres

About This Property

Amazing opportunity to own a gem in North Glendale above Glendale Community College. This building was constructed in 1958 and consists of two buildings, i.e. a 17 unit and a 12 unit, on the same lot. There are (12) 2+1, (16) 1+1 and (1) 2+1.5 Townhouse on a 36,600 SQFT lot in a 25,000 Sqft improvement. Each building consists of various fourplexes connected to one another on the roof line, and there are 29 detached garages, no'' soft story. Majority of the units have been remodeled with hardwood flooring, ceramic wall and floor tiles in bathroom and kitchen, wall type heating and air conditioning. Recently, the Electrical service to the building was upgraded with a 1200 amp service facilitating the improving units with central A/C and charges for Electric cars. The building is located right across from blue ribbon Verdugo Woodlands Elementary school highly sought by Glendale parents. It is also walking distance to GCC facilitating possibility of student housing arrangements. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, i.e. student housing; or, improving amenities, i.e. Central A/C, Electric car charges.

Essential Information

MLS® #319000344
Price$9,000,000
Bedrooms40
Bathrooms30.00
Full Baths30
Square Footage25,176
Acres0.84
Year Built1949
TypeResidential Income
Sub-TypeOther (L)
StatusBack Up Offer

Community Information

Address1748 North Verdugo Road
CityGlendale
CountyLos Angeles
StateCA
Zip Code91208

Area

Glendale-Rossmoyne & Verdugo Woodlands (627)

Amenities

Parking Spaces29

Parking

Assigned, Carport Detached, Parking Space

Interior

HeatingWall Gas, Wall Heater
StoriesTwo Level

Cooling

Air Conditioning, Ceiling Fan(s), Wall Unit(s)

Exterior

ConstructionFrame and Stucco

Additional Information

Date ListedJanuary 28th, 2019
Days on Market238
ZoningGLR4*
HOA Fees0.00

Listing Details

AgentGeorge Yessaie(01893333)
OfficeJohnHart Real Estate

Get directions to this property:

The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Newsletter

Sign up for our newsletter and get the latest market updates.