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1704 N Verdugo Road

Glendale, CA 91208
  • $1,300,000
  • STATUS: Closed
  • ON SITE: 51 Days
  • ID#: P1-16691
Sold - 04/12/2024
$1,300,000
SOLD - 04/12/2024
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Melina Kalachian of Keller Williams Realty ((626) 204-3300) and Vince Kalachian of Keller Williams Realty((626) 204-3300)


Description

A Rare opportunity! First time on the market after48 years. Welcome to the charming Verdugo Woodlands area in Glendale! This exquisite 3-unit property is a rare gem, offering a unique opportunity for discerning buyers. The property features a standalone 2+2 unit over 3 car garages with Central A/C and a private yard. Additionally, there are two large 1+1 units with fireplace that add to the versatility and potential rental income. Meticulously maintained, this bungalow-style property features newer windows, and newer roof. It's an ideal investment in this sought-after neighborhood with great rental upside. Located just a few blocks away from Glendale Community College, this property provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent 5-Unit property currently on the market for $2,250,000.Don't miss out on this exceptional opportunity!

Sold by Suzy Seropian of Pinnacle Estate Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-22T18:51:40.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/148202639
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1704 N Verdugo Road Glendale, CA 91208

  • Price: $1,350,000
  • Status: Closed
  • On Site: 51 Days
  • Updated: 161 min ago
  • ID#: P1-16691
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1957
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
627 - Rossmoyne & Verdu Woodlands
Property Description
A Rare opportunity! First time on the market after48 years. Welcome to the charming Verdugo Woodlands area in Glendale! This exquisite 3-unit property is a rare gem, offering a unique opportunity for discerning buyers. The property features a standalone 2+2 unit over 3 car garages with Central A/C and a private yard. Additionally, there are two large 1+1 units with fireplace that add to the versatility and potential rental income. Meticulously maintained, this bungalow-style property features newer windows, and newer roof. It's an ideal investment in this sought-after neighborhood with great rental upside. Located just a few blocks away from Glendale Community College, this property provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent 5-Unit property currently on the market for $2,250,000.Don't miss out on this exceptional opportunity!
Exterior Features

Architectural Style BungalowOther Carport Spaces 5 Carport YN Yes Construction Materials Other Fencing See Remarks Number Of Separate Electric Meters 4 Parking Features See Remarks Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Roof See Remarks Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features See Remarks Appliances Gas Water Heater Common Walls 1 Common WallNo One AboveNo One Below Cooling See Remarks Cooling YN Yes Fireplace YN Yes Heating See Remarks Heating YN Yes Interior Features Unfurnished

Property Features

Association Fee 0 Buyer Financing Cash Cap Rate 5.52 Community Features Street LightsSidewalks Fuel Expense 0 Garage YN Yes Gross Income 96000 Gross Scheduled Income 96000 Insurance Expense 2500 Land Lease YN No Laundry Features Common AreaSee Remarks Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 74464 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 20204 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 54420 Trash Expense 0 Utilities Sewer Connected Water Sewer Expense 1109 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-22T18:51:40.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Melina Kalachian of Keller Williams Realty ((626) 204-3300) and Vince Kalachian of Keller Williams Realty((626) 204-3300)