Glendale, CA 91208,1748 N Verdugo RD
Glendale, CA 91208,1748 N Verdugo RD
Glendale, CA 91208,1748 N Verdugo RD
Glendale, CA 91208,1748 N Verdugo RD
Glendale, CA 91208,1748 N Verdugo RD
Glendale, CA 91208,1748 N Verdugo RD
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$4,125,000

$9,000,000

54.2%
Est.Price: ?

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Est. payment /mo

0.84 Acres Lot


SOLD DATE : 12/06/2019

Key Details

Sold Price $4,125,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-105

MLS Listing ID 319000344

Sold Date 12/06/19

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1949

Lot Size 0.841 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 627 - Rossmoyne & Verdu Woodlands

Zoning GLR4*

Interior

Interior Features Balcony, Ceiling Fan(s)

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Wood

Fireplace No

Laundry Common Area

Exterior

Garage Assigned, Covered, Detached Carport, One Space

View Y/N No

Total Parking Spaces 29

Private Pool No

Building

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Tax ID 5652018046

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Assumed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by George Yessaie • JohnHart Real Estate
Bought with George Yessaie • JohnHart Real Estate
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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