4254 Verdugo Rd 3 Unit Apartment Building $1,250,000 ($416,667/Unit) 4.24% Cap Rate Los Angeles, CA 90065

Marcus & Millichap presents 4254 Verdugo Road; a well-maintained triplex investment property located in the Glassell Park area of Northeast Los Angeles. The property offers an attractive combination of immediate owner-user potential, in-place rental income, and future income growth, making it an appealing opportunity for both investors and owner-users.
The property features a vacant 2-bedroom/1-bathroom front house built in 1926, while the rear two units were built in 1986 and are exempt from the City of Los Angeles RSO. The rear units include a 2-bedroom/1.5-bathroom unit that was recently remodeled and a 1-bedroom/1-bathroom unit.
Each unit has its own water heater, washer/dryer hookups, electrical and gas meters. The front house and rear duplex also benefit from separate water meters, providing utility separation and expense control. The front house and rear duplex were painted in 2023, and the roof for the front house was completely replaced in 2021.
The property is ideally positioned in Glassell Park, a Northeast Los Angeles neighborhood known for its residential character, convenient location, and continued revitalization. Located along Verdugo Road near the Glendale border, residents enjoy easy access to local restaurants, coffee shops, markets, and retail, with nearby Atwater Village, Highland Park, Eagle Rock, and Glendale offering additional dining, shopping, and entertainment. Convenient access to the CA-2 and CA-5 Freeways provides connectivity to Downtown Los Angeles, Pasadena, Glendale, Burbank, Silver Lake, Los Feliz, and surrounding communities.