2505 Verdugo Rd
Glendale, CA 91208
Verdugo Garden Apartments · Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Building Size | 17,080 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 0.94/1,000 SF |
| Lot Size | 0.65 AC | ||
| Zoning | R3 - Low Density Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 17,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | R3 - Low Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Oven
- Patio
Site Amenities
- Laundry Facilities
About 2505 VERDUGO RD , GLENDALE, CA 91208
Marcus & Millichap is pleased to exclusively present the Verdugo Garden Apartments located at 2505 N. Verdugo Rd. in Glendale, CA. The investment offering is a 16-unit multi-family asset located in the highly desirable area of Verdugo Woodlands. Multi-Family buildings in this sub-market rarely become available and said property is located just south of Montrose and the Glendale Community College. Built in 1960, the property consists of 2 two-story garden style buildings with each containing eight rental units. Each building has a pitched composition roof and a laundry room. Said property has ±17,080 rentable square feet and is situated on a large lot of 0.65 Acres. The Verdugo Gardens is Professionally Managed and past capital upgrades include new copper plumbing, new dual pane windows, new carport roofs and numerous interior upgrades (please contact listing agent for a detailed list). The Verdugo Gardens has a desirable unit mix of 14 two-bedroom / two bath units and 2 one-bedroom / one bath units. There are 16 Covered Parking Spaces and Ample Street parking is available. The units are individually metered for gas & electric and the landlord is responsible for water, trash and sewer. Current Rents are an estimated 12% below market levels and the property is being offered free and clear of debt encumbrances, allowing an investor to take advantage of multiple debt structures.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | $1,743 | 1,100 |
| 1+1 | 2 | $1,600 | 840 |
Property Taxes
| Parcel Number | 5653-013-025 | Improvements Assessment | $3,641,400 |
| Land Assessment | $2,444,940 | Total Assessment | $6,086,340 |
Property Taxes
