1702 Verdugo Rd rd, Glendale, CA 91208
Active
$2,250,000
5 Units
6 Beds
6 Baths
n/a Area(sq.ft.)
Lot: 7,049 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | P1-16696PF |
| Days On Market: | 659 |
| Listing Date: | February 15, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per unit: | $ 450,000 |
| Year Built: | 1978 |
Property Details
A Rare opportunity! First time on the market after more than 3 decades. Introducing a rare gem in the desirable Verdugo Woodlands area of Glendale This 5-unit property offers a fantastic investment opportunity. Boasting a spacious 2-bedroom, 2.5-bathroom front townhouse style unit with a private front patio and attached garage, along with four 1-bedroom, 1-bathroom units, all equipped with Central A/C. Located just a few blocks away from Glendale Community College, this property features separate Gas & Electric meters, and Laundry hook ups in each of the units and provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent triplex, currently on the market for $1,350,000.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 38,939 |
| Net Operating Income: | $ 50,966 |
| Cap Rate: | 2.27% |
| Gross Rent Multiplier: | 24.53 |
| Actual Gross Rent: | $ 91,740 |
Structure
| Community Features: | Suburban |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Garage - 1 Car |
Interior
| AC/Cooling: | Central |
| Equipment: | Other |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Other |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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