135 N Verdugo Road

Glendale, CA
$ 6,250,000 Beds 17 Baths 17
Monthly Estimate* How much can I afford?

We are pleased to present the GlenVerdugo apartments, a well appointed 17 unit community in Glendale. Extensive modernization and remodel efforts have resulted in a stabilized asset in high demand. With the current in place NOI, an investor could obtain 60% LTV I.0. and achieve 5.1% return cash on cash. The current ownership has gone through great lengths and capital improvements to offer tenants a warm and inviting community including a courtyard lounge and BBQ area, lighting package, signage, secured access and parking just to name a few. 10 of the 17 units have been completely remodeled, the remaining units on turnover will allow the new buyer to realize even greater rate of return on their investment. The GlenVerdugo is a one of a kind unique asset, located within minutes to Americana at Brand & Galleria, is highly walkable with a 89 Walk-Score, and immediate access to the 2, 5, and 134 freeways. There is a large affordability gap in Glendale, $995,000 is the median home sales price with majority of residents being renters. The strong fundamentals, highly regarded police & fire departments, blue ribbon schools, and strong workforce, historically low vacancy - all lend to the continued desire to invest in Glendale. *** For full offering memorandum email or call listing agent ***

Pending

  • Price
  • $ 6,250,000
  • Lot Size
  • 0.39 Acres
  • Bedrooms
  • 17
  • Full Bathrooms
  • 17
  • Year Built
  • 1960
  • Half Bathrooms
  • 0
  • City, Zip
  • Glendale
  • County
  • LOS ANGELES
  • Style
  • Area
  • MLS#
  • SR21032027
  • Zip
  • 91206
Listing Provided by: Levon Alexanian with Keller Williams World Media Center.
Data Source: CRMLS

Features

General

Community Features Urban
Garage Spaces 21
Garage Y/N Yes
Listing Agent Levon Alexanian - BRE#00911091
Listing Agent State License 00911091
MLS Area 699 - Not Defined
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Total Units 17
Virtual Tour http://www.glenverdugo.com
Zoning GLR4YY

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 16-20 Units/Acre
Lot Size Acres 0.39
Lot Size Area 16905
Lot Size Source Assessor
Lot Size Square Feet 16905
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 18
Number of Separate Gas Meters 18
Number of Separate Water Meters 18
Total Parking 21
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Newport Beach, CA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2021 Listed $6,250,000

Property vs Zip Code Average in 91206

Price
AVG $1.19M
$6.25M
Visits
AVG 48
61
Year Built
AVG 1965
1960
Walkscore
AVG 73
89
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

135 N Verdugo Road Glendale, CA is a Single Family Home for sale at $6250000 and a lot size of 0.39 Acres Acre(s). 135 N Verdugo Road Glendale has 17 bedrooms, 17 baths and was built in 1960. The property's zip code is 91206 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.