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Sold on 04/12/2024
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1702 N Verdugo Rd, Glendale, CA 91208

$1,900,000

Last sold 04/12/2024 after 57 Days

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    bed

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    bath

Multi-family not for sale

About 1702 N Verdugo Rd

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 7,049 Sqft
Parking 1 garage spaces
Property description
A Rare opportunity! First time on the market after more than 3 decades. Introducing a rare gem in the desirable Verdugo Woodlands area of Glendale This 5-unit property offers a fantastic investment opportunity. Boasting a spacious 2-bedroom, 2.5-bathroom front townhouse style unit with a private front patio and attached garage, along with four 1-bedroom, 1-bathroom units, all equipped with Central A/C. Located just a few blocks away from Glendale Community College, this property features separate Gas & Electric meters, and Laundry hook ups in each of the units and provides incredible rental upside. Additionally, there is an exciting opportunity to combine this property with the adjacent triplex, currently on the market for $1,350,000.
Listed by
Listing Agent - Melina Kalachian
Listing Agent Contact: (818) 522-1900
Listing Office - Keller Williams Realty
Source: CRMLS mls logo
MLS#P1-16696 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1618
Lot Size (SqFt) 7049
Year Built 1978
Interior
Laundry See Remarks
Appliances Water Heater
Exterior
Parking Carport, See Remarks, Garage - Single Door
# Carport Spaces 7
# Parking Spaces 9
# Garage Spaces 1
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Suburban
Subdivision Not Applicable
Directions On Verdugo Rd Between Kirkby And Arvin
APN 5652011051
Multifamily Details
Expense: Trash 3578
Operating Expense 38939
Cap Rate 2.27
Expense: Insurance 3500
Total Expenses 38939
Expense: Maintenance 3550
Expense: Water/ Sewer 2361
Gross Income 91740
Gross Multiplier 24.53
Gross Scheduled Income 91740
Expense: Gardener 1200
  • Apr 2024
    mls logo MLS # P1-16696
  • Apr 12, 2024 Sold
    $1,900,000 (-40.6%)
  • Apr 4, 2024 Pending
    —
  • Mar 20, 2024 Active
    —
  • Feb 15, 2024 Listed
    $2,250,000
  • Apr 2024
    Public Records
  • Apr 12, 2024 Sold
    $3,200,000 (+42.2%)
  • Year Property taxes Tax assessment
  • 2024
    $3,987 +1.8%
    $285,326 +2.0%
  • 2023
    $3,915 +1.6%
    $279,733 +2.0%
  • 2022
    $3,854 +2.1%
    $274,249 +2.0%
  • 2021
    $3,775 +1.3%
    $268,873
  • 2020
    $3,727
    $268,873
  • 1702 N Verdugo Rd
    $1.9M
  • Verdugo Woodlands
    $1.56M +27% y/y
  • 91208
    $1.49M 0% y/y
  • Glendale
    $1.12M +2% y/y
No chart available
Statistics calculated by Movoto

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6/10
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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