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Listing Details

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School Ratings & Info

Description

The Verdugo Property is a remarkable mixed-use building, consisting of 2 commercial and 4 residential units. Just blocks away from Glendale, and about 2.5 miles from the Americana and Glendale Galleria. Built in 1965, the property's structure consists of 3,766 square feet. The commercial units pay for all maintenance expenses pertaining to their unit. Each of the commercial units have a bathroom inside. The residential component of the property has 4 units in total. One 2 bed 2 bath unit, with central HVAC, and the remaining three units are all 1 bed 1 bath, with two of those three units being fully remodeled and upgraded. Ownership has completed the soft-story retrofit, and upgraded 80% of the piping to copper. Furthermore, windows have been replaced for three of the residential units, and the entire building has been freshly painted all around. Great property for any investor to own!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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/116746013
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4115 Verdugo Road Los Angeles (City), CA 90065

  • Price: $1,295,000
  • Status: Active
  • Updated: 38 min ago
  • ID#: 320005954
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Beds
0
Baths
0
½ Baths
0.11
Acres
1965
Built
Neighborhood:
Not Applicable-105
County:
Los Angeles
Area:
623 - Glassel Park
Property Description
The Verdugo Property is a remarkable mixed-use building, consisting of 2 commercial and 4 residential units. Just blocks away from Glendale, and about 2.5 miles from the Americana and Glendale Galleria. Built in 1965, the property's structure consists of 3,766 square feet. The commercial units pay for all maintenance expenses pertaining to their unit. Each of the commercial units have a bathroom inside. The residential component of the property has 4 units in total. One 2 bed 2 bath unit, with central HVAC, and the remaining three units are all 1 bed 1 bath, with two of those three units being fully remodeled and upgraded. Ownership has completed the soft-story retrofit, and upgraded 80% of the piping to copper. Furthermore, windows have been replaced for three of the residential units, and the entire building has been freshly painted all around. Great property for any investor to own!
Exterior Features

Carport Spaces 0 Number Of Separate Electric Meters 7 Parking Total 0 Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Flooring CarpetLaminateTileVinylWood Heating Wall Furnace Heating YN Yes

Property Features

Cap Rate 4.6 Fuel Expense 0 Garage YN No Gross Scheduled Income 83846 Insurance Expense 2350 Land Lease Amount 0 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 1500 Net Operating Income 0 New Taxes Expense 15540 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0 Other Expense 0 Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 0 Total Actual Rent 0 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 4129 Zoning Lac4

Listing provided courtesy of Hagop Baboudjian of Baboudjian Properties Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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