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

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.