Glendale, CA 91206 135 N Verdugo Road

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  • MLS# SR21032027
  • 02/16/2021
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Presented By: Levon Alexanian with Keller Williams World Media Center.
  • Beds • 17
  • Baths • 17
  • Garage • 21
  • Year Built • 1960

Home Details

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 ***
Presented By: Levon Alexanian with Keller Williams World Media Center.

Interior Features for 135 N Verdugo Road

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesCommon Area

General for 135 N Verdugo Road

Additional Parcels Y/NNo
Community FeaturesUrban
Garage Spaces21
Garage Y/NYes
Land Lease Y/NNo
MLS Area699 - Not Defined
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Total Units17
Water Sewer Expense0
ZoningGLR4YY

Exterior for 135 N Verdugo Road

Lot Features16-20 Units/Acre
Lot Size Acres0.39
Lot Size Area16905
Lot Size SourceAssessor
Lot Size Square Feet16905
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters18
Total Parking21
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $6,250,000
MLS#SR21032027
List Date 02/16/2021
Property Type Contingent
Phone 310.658.1749
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