135 N Verdugo Road Glendale, CA
$ 6,250,000
Property Attributes
  • MLS#SR21032027
  • TypePending
  • CityGlendale
  • Zip91206
  • Style
  • Price$ 6,250,000
  • Bedrooms17
  • Full Bathrooms17
  • Half Bathrooms0
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Levon Alexanian with Keller Williams World Media Center.
Data Source:
Property Description

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 ***

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

General Features

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
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Total Units 17
Virtual Tour
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


  • 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

Property vs Zip Code Average in 91206

AVG $1.21M
AVG 51
Year Built
AVG 1962
AVG 65
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover