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.
Glendale-Rossmoyne & Verdugo Woodlands (627)
Assigned, Carport Detached, Parking Space
Air Conditioning, Ceiling Fan(s), Wall Unit(s)
Sign up for our newsletter and get the latest market updates.