1550 N Verdugo Road, Glendale, CA 91208
$16,200,000
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
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.
Supplements: ********
More Information MLS# 222004462
Status Change Info
Sold Price/SqFt: 390.85
Purchase Contract Date: 2022-10-17
Close Date: 2022-11-18
Close Price: 16200000
Listing, Location and Property Info
Entry Date: 2022-09-06
List Price/SqFt: 386.03
Zip + 4: 2800
General Property Information
Common Walls: Yes
Beds Total: 62
Baths Full: 60
Baths Total: 60
Living Area: 41448
Lot Size Acres: 2.96
Lot Size Square Feet: 128838
Year Built: 1950
Listing Info
Total # of Units in Complex: 45
Property Info
View: Yes
Pool: No
Spa: No
Fireplace: No
Stories: 12
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Cash to New Loan: 1
Conventional: 1
Submit: 1
Possession
Close of Escrow: 1
Financing
Conventional: 1
View Type
City Lights View: 1
Mountain View: 1
Disclosures
Other: 1
Laundry Locations
Laundry Area: 1
Levels
One: 1
Two: 1
Sold Terms
Standard Sale: 1
Flooring
Carpet: 1
Wood/Wood Like: 1
Water Heater Feature
None: 1
Parking Spaces/Information
Total Garage Spaces: 45
Parking Type
Garage Detached: 1
Parking Space: 1
HOA 1 Information
HOA: No
Listing Location and Property Info
Status: Closed
Listing Contract Date: 2022-09-06
Sold Price: $16,200,000
Current Price: $16,200,000
Street #: 1550
Street Direction Prefix: N
Street Name: Verdugo
Street Suffix: Road
County: Los Angeles
State: CA
Postal Code: 91208
Parcel Number: 5652009001
MLS Area: 627 - Glendale-Rossmoyne and Verdugo Woodlands
Subdivision: Not Applicable
Country: US
Units Information
NumberOfSeparateElectricMeters: 45
NumberOfSeparateGasMeters: 45
NumberOfSeparateWaterMeters: 1
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
Levels: One; Two
Flooring: Carpet
Laundry Locations: Laundry Area
Water Heater Feature: None
Parking Type: Garage Detached; Parking Space
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.