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Verdugo Vista 1636 N Verdugo Rd 58 Unit Apartment Building $22,000,000 ($379,310/Unit) 4.60% Cap Rate Glendale, CA 91208
Investment Highlights
- Excellent Access to Public Transportation
- Ample Subterranean Parking
- Mulitple Community Entertainment Spaces
- Glendale Community College
Executive Summary
CBRE, Inc. is proud to exclusively present Verdugo Vista, a distinguished multifamily asset nestled in Glendale, California -”The Jewel City." Strategically positioned between Verdugo Vista Drive and Kirkby Road, this exceptional property presents investors with a rare opportunity to acquire a premier holding in one of Southern California's most coveted submarkets.
Rising four stories on a ±27,257 SF GLR4-zoned parcel, this 1974-constructed gem encompasses ±59,257 SF of meticulously designed living space. The property's thoughtfully curated unit mix features eighteen one-bedroom/one-bathroom units, thirteen two-bedroom/one-bathroom units, and twenty-seven two-bedroom/two-bathroom units—totaling fifty-eight units that cater to diverse tenant profiles.
Rising four stories on a ±27,257 SF GLR4-zoned parcel, this 1974-constructed gem encompasses ±59,257 SF of meticulously designed living space. The property's thoughtfully curated unit mix features eighteen one-bedroom/one-bathroom units, thirteen two-bedroom/one-bathroom units, and twenty-seven two-bedroom/two-bathroom units—totaling fifty-eight units that cater to diverse tenant profiles.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $22,000,000 | Building Class | B |
| Price Per Unit | $379,310 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 59,257 SF |
| Cap Rate | 4.60% | Average Occupancy | 98% |
| No. Units | 58 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | GLR4YY - Restricted Density Multiple Dwelling | ||
| Price | $22,000,000 |
| Price Per Unit | $379,310 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 59,257 SF |
| Average Occupancy | 98% |
| No. Stories | 5 |
| Year Built | 1974 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | GLR4YY - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 700 |
| 2+1 | 13 | - | 1,100 |
| 2+2 | 27 | - | 1,100 |
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Property Taxes
| Parcel Number | 5652-011-027 | Improvements Assessment | $4,656,745 |
| Land Assessment | $1,974,686 | Total Assessment | $6,631,431 |
Property Taxes
Parcel Number
5652-011-027
Land Assessment
$1,974,686
Improvements Assessment
$4,656,745
Total Assessment
$6,631,431
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Verdugo Vista | 1636 N Verdugo Rd
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