Multifamily

1801 Verdugo Loma Dr

1801 Verdugo Loma Dr, Glendale, CA 91208

Listing Price: $1,775,000

Cap Rate
4.59%
Number of Units
5
Price/Unit
$355,000
Price/Gross SF
$357.86
Gross SF
4,960

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 5 unit apartment building in the Verdugo Woodlands neighborhood of Glendale. Built in 1954, 1801 Verdugo Loma Drive sits on a 7,818 square foot lot with 4,960 square feet of rentable space. It is comprised of two (2) 1 Bed/1 Bath units, two (2) 2 Bed/1.5 Bath units, & one (1) 2 Bed/1.5 Bath townhouse unit. One (1) 2 Bd/1.5 Ba unit will be delivered vacant at Close of Escrow. The property offers garage parking for six (6) cars and is separately metered for gas and electricity. All of the windows have been upgraded to Milgard windows and the owner has made recent upgrades to the sewer lines along with various renovation to most of the units. This property offers an investor the chance to own in one of the most prestigious neighborhoods in Glendale with an irreplaceable location. 1801 Verdugo Loma Drive is situated on the corner of Verdugo Loma Dr and North Verdugo and falls within a quarter mile from Glendale Community College. It is less than a mile from the 2 Freeway and tenants can easily access the 210, 134 and 5 freeways from this location. The city of Glendale is home to many major employers including, Glendale Adventist Health, Glendale Unified School District, City of Glendale, Dreamworks, Glenair, GCC, and more. Due to Glendale’s central location, tenants are a short commute from Downtown LA, Pasadena, Burbank, Los Feliz, Hollywood, and the San Fernando Valley.

Investment Highlights

  • 1st time on market in over 20 years
  • Irreplaceable Glendale Location
  • Excellent Unit Mix: (2) 1Bd/1Ba & (3) 2Bd/1.5Ba
  • On-Site Parking & Laundry
  • Potential for (2) ADUs
  • (1) 2Bd/1.5Ba unit to be delivered vacant at COE

Exclusively Listed By

Listing Price: $1,775,000

Cap Rate
4.59%
Number of Units
5
Price/Unit
$355,000
Price/Gross SF
$357.86
Gross SF
4,960

Investment Highlights

  • 1st time on market in over 20 years
  • Irreplaceable Glendale Location
  • Excellent Unit Mix: (2) 1Bd/1Ba & (3) 2Bd/1.5Ba
  • On-Site Parking & Laundry
  • Potential for (2) ADUs
  • (1) 2Bd/1.5Ba unit to be delivered vacant at COE

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 5 unit apartment building in the Verdugo Woodlands neighborhood of Glendale. Built in 1954, 1801 Verdugo Loma Drive sits on a 7,818 square foot lot with 4,960 square feet of rentable space. It is comprised of two (2) 1 Bed/1 Bath units, two (2) 2 Bed/1.5 Bath units, & one (1) 2 Bed/1.5 Bath townhouse unit. One (1) 2 Bd/1.5 Ba unit will be delivered vacant at Close of Escrow. The property offers garage parking for six (6) cars and is separately metered for gas and electricity. All of the windows have been upgraded to Milgard windows and the owner has made recent upgrades to the sewer lines along with various renovation to most of the units. This property offers an investor the chance to own in one of the most prestigious neighborhoods in Glendale with an irreplaceable location. 1801 Verdugo Loma Drive is situated on the corner of Verdugo Loma Dr and North Verdugo and falls within a quarter mile from Glendale Community College. It is less than a mile from the 2 Freeway and tenants can easily access the 210, 134 and 5 freeways from this location. The city of Glendale is home to many major employers including, Glendale Adventist Health, Glendale Unified School District, City of Glendale, Dreamworks, Glenair, GCC, and more. Due to Glendale’s central location, tenants are a short commute from Downtown LA, Pasadena, Burbank, Los Feliz, Hollywood, and the San Fernando Valley.

Exclusively Listed By

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