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PENDING
135 N Verdugo Road, Glendale, CA 91206
5
beds
4
baths
13020
ft2
· 16905
ft2 lot
$6,250,000
$480 / ft2
Listing provided courtesy of Levon Alexanian, Keller Williams World Media Center.
Source CRMLS.
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 ***
HOA
$—/month
On market
3 months
Year built
1960
Property type
Multi-Family
Parking
21
MLS
SR21032027
Price / Sq.Ft.
$480 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 13020.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 21.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: GLR4YY
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 16-20 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3881
•   
Lot Size Area: 16905.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 17
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 18
•   
Number Of Separate Gas Meters: 18
•   
Number Of Separate Water Meters: 18
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Laundry Income: 200.00
•   
Cap Rate: 4.10
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Vacancy Allowance: 7742
•   
Professional Management Expense: 0.00
•   
Total Expenses: 0.00
•   
Gross Scheduled Income: 387096.00
•   
Other Income1: 450.00
•   
Operating Expense: 379354.00
•   
Gross Multiplier: 16.10
Tax/Assessment Info
•   
Gross Income: 387096.00
•   
Tax Year: 2020
•   
Taxes: 6415.0
Lease Info
•   
Net Operating Income: 252903.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2235.00
•   
Unit 3 Total Units: 4
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 2.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 8939.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2199.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 2199.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 12
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1711.00
•   
Unit 1 Total Rent: 20740.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Community Features: Urban
School Info
•   
Directions: Drive Safely
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Branded
Other
Calculation
•   
Dom: 52
•   
Cdom: 52
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 12, 2021 12:34am
Neighborhood snapshot
53
Properties for sale
23
Median days on market
$518.18
Median sold price/sqft
104.04%
Sold/List %
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walk score® :
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Property History
04/09/2021
04/09/2021
CRMLS #SR21032027
pending
CRMLS #SR21032027
$6,250,000
02/16/2021
02/16/2021
CRMLS #SR21032027
active
CRMLS #SR21032027
$6,250,000
+27.55%
03/05/2020
03/05/2020
Public Record
sold
Public Record
$4,900,000
--4.85%
03/05/2020
03/05/2020
CRMLS #SR19279418
sold
CRMLS #SR19279418
$5,150,000
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