1129 N VERDUGO RD
Glendale, CA 91206
Sold for $1,090,000
Beds: 5 Baths: 3 Structure Size: 2,168 sqft Lot Size: 6,867 sqft
| MLS | 19456614 |
| Year Built | 1949 |
| Property Type | Residential Income |
| Property Subtype | MultiFamily |
| County | Los Angeles |
| Status | Sold |
| Sold | $1,090,000 |
| Structure Size | 2,168 sqft |
| Lot Size | 6,867 sqft |
| Beds | 5 |
| Baths | 3 |
Description
3 Units in Glendale located on Verdugo road in an excellent location with 23%+/- upside in rents. If you simply raised rents 7% per year over 7 years your average annual return would be 21.5%. Higher rent increases are still allowed in Glendale although 7% avoids any relocation assistance. Property is not subject to rent control (*subject to Ordinance #5922).*Please Do Not Disturb Tenants*
Listing information courtesy of: Linda Ojeda, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 04/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property may have been sold while Agent was with another brokerage, and may have represented the buyer in this transaction.
Location
Presented By
DRE #01873088
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