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

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 Office: Pinnacle Estate Properties, Inc.

Listing Agent: Chris Smith
818-434-1672 | 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.