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1550 Verdugo Road

Glendale, CA 91208
  • $16,000,000
  • STATUS: Active Under Contract
  • ON SITE: 23 Days
  • ID#: 222004462
Under Contract
UPDATED: 64 min ago
$16,000,000
  • 62
    BEDS
  • 2.96
    ACRES
  • 60
    BATHS
  • 0
    1/2 BATHS
  • 41,448
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Chris Smith of Pinnacle Estate Properties, Inc. ((805) 222-7000) and Richard Karzen of Re/Max One(818-346-7362)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T18:37:19.673. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/132854246
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1550 Verdugo Road Glendale, CA 91208

  • Price: $16,000,000
  • Status: Active Under Contract
  • On Site: 23 Days
  • Updated: 64 min ago
  • ID#: 222004462
62
Beds
60
Baths
0
½ Baths
2.96
Acres
41,448
SQFT
$386
$/SQFT
1950
Built
Neighborhood:
Not Applicable - 1007242
County:
Los Angeles
Area:
627 - Rossmoyne & Verdu Woodlands
Property 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.
Exterior Features

Number Of Separate Electric Meters 45 Parking Features One Space Parking Total 45 Pool Private YN No Property Attached YN Yes Sign On Property YN No Spa YN No View City LightsMountain(S) View YN Yes

Interior Features

Cooling YN Yes Fireplace YN No Flooring CarpetWood

Property Features

Association YN No Garage YN Yes Land Lease Amount 0 Land Lease YN No Levels OneTwo Listing Service Full Service Listing Terms CashCash To New LoanConventionalSubmit Number Of Separate Gas Meters 45 Number Of Separate Water Meters 1 Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning Glr4-R1*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T18:37:19.673. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Chris Smith of Pinnacle Estate Properties, Inc. ((805) 222-7000) and Richard Karzen of Re/Max One(818-346-7362)