1550 N Verdugo Road, Glendale, CA 91208

$16,200,000

Virtual Tour

https://vimeo.com/691621637/c026d2f6ac

Property Type: Residential Income Bedrooms: 62 Baths: 60 Square Footage: 41,448 Lot Size (sq. ft.): 128,838 Status: Closed

Current Price: $16,200,000 List Date: 9/07/2022 Last Modified: 1/11/2023

Overview

Description

''The Verdugos,'' an incomparable Opportunity to purchase a One of a Kind 45 Unit Apartment Complex, located in the Prestigious Woodlands Neighborhood of Glendale, directly adjacent to Glendale City College. Superior Unit Mix of spacious one bedroom one bathroom, and two bedroom Townhouse Style Homes. Upside in Rents. Beautiful Open Hillside Campus affording Pride of Ownership and preferred Tenant Enjoyment. Tastefully designed Interiors. Incredible Potential for the Wise Investor to Seize the Good Fortune to Create Generational Wealth and Own an Extraordinary Trophy Asset, while Growing Accelerating Future Net Worth. Each apartment has the added value of a one car garage which comes with their rental.

Listing Details MLS# 222004462

General Property Information

# Bedrooms: 62
Baths - Full: 60
Baths - Total: 60
Approx SqFt: 41448
Lot Acres: 2.96
Lot SqFt: 128838
Year Built: 1950
Common Walls: Yes

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Cash to New Loan; Conventional; Submit Possession: Close of Escrow View Type: City Lights View; Mountain View Disclosures: Other Levels: One; Two Flooring: Carpet; Wood/Wood Like Laundry Locations: Laundry Area Water Heater Feature: None Parking Type: Garage Detached; Parking Space Financing: Conventional Sold Terms: Standard Sale

Listing Location and Property Info

Entry Date: 2022-09-06
Listing Price: 16000000
Street #: 1550
Direction: N
Street Name: Verdugo
Suffix: Road
County: Los Angeles
State/Province: CA
Zip Code: 91208
APN/Tax ID: 5652009001
Area: 627 - Glendale-Rossmoyne and Verdugo Woodlands
Subdivision/Tract Code: Not Applicable
Country: US

Listing Info

Total # of Units in Complex: 45

Property Info

Dwelling Total Floors: 12
Pool: No
Spa: No
Fireplace: No
View: Yes

Status Change Info

Pending Date: 2022-10-17
Closed Date: 2022-11-18
Closed Price: 16200000
Sold Price/SqFt: 390.85

More Information

Units Information

# Separate Electric Meters: 45
# Separate Gas Meters: 45
# Separate Water Meters: Yes

HOA 1 Information

HOA: No

Listing, Location and Property Info

Entry Date: 2022-09-06
List Price/SqFt: 386.03
Zip + 4: 2800

Land Lease Type

Fee Simple: Yes

Special Conditions

Standard: Yes

Terms

Cash: Yes
Cash to New Loan: Yes
Conventional: Yes
Submit: Yes

Possession

Close of Escrow: Yes

Financing

Conventional: Yes

View Type

City Lights View: Yes
Mountain View: Yes

Disclosures

Other: Yes

Laundry Locations

Laundry Area: Yes

Levels

One: Yes
Two: Yes

Sold Terms

Standard Sale: Yes

Flooring

Carpet: Yes
Wood/Wood Like: Yes

Water Heater Feature

None: Yes

Parking Spaces/Information

Total Garage Spaces: 45

Parking Type

Garage Detached: Yes
Parking Space: Yes

Listing Office: Pinnacle Estate Properties, Inc.

Listing Agent: Chris Smith | sellsimivalley@gmail.com

Agent Email: sellsimivalley@gmail.com

Last Updated: January - 11 - 2023

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.