1027 Grover Ave

Glendale, CA 91201

$3,065,000
Last Sold Price
16
Beds
8
Baths
7,793 Sq. Ft.
$393 / Sq. Ft.
7,793
Sq. Ft.
$393
per Sq. Ft.

Description

We are pleased to announce the opportunity to purchase 1027 Grover Avenue, an 8-unit multifamily property in the Grandview neighborhood of Glendale, CA location. Available for the first time in almost 20 years, this property provides a tremendous opportunity for an investor to acquire a pride of ownership asset in one of the most desirable neighborhoods in Glendale. This property is truly an irreplaceable asset as the zoning for this parcel, R1, will not allow any future multifamily development opportunity....We are pleased to announce the opportunity to purchase 1027 Grover Avenue, an 8-unit multifamily property in the Grandview neighborhood of Glendale, CA location. Available for the first time in almost 20 years, this property provides a tremendous opportunity for an investor to acquire a pride of ownership asset in one of the most desirable neighborhoods in Glendale. This property is truly an irreplaceable asset as the zoning for this parcel, R1, will not allow any future multifamily development opportunity. The property is comprised of a two-story structure that includes eight large 2 bed/1 bath units, one of which is approximately 1,100 square feet (Buyer to verify). On average, the unit sizes are approximately 975 square feet and all units come with a fireplace in the living room. The property provides tenants with ten parking spaces that include a combination of private car garages, surface parking, and tuck-under car ports in the rear of the property. There is a large on-site laundry room, very minimal landscaping, and all units are individually metered for gas and electricity. Buyers might explore the opportunity to convert the laundry room and private garage into an ADU. The property has been very well maintained, yet there is still an opportunity for the implementation of interior & exterior renovations and a RUBS program that can dramatically boost future rental revenue and income streams, raising the overall value of the investment. Located at just east of Sonora Avenue, 1027 Grover is located in between Glenoaks Boulevard and San Fernando Boulevard, two of Glendale's main thoroughfares. Residents of this property are within a short distance to multiple bus stops located on Glenoaks and San Fernando Boulevards as well as Jefferson Elementary School. Glenoaks Boulevard is lined with many restaurants, retail shops and businesses and the provides tenants with ease of access to larger retail centers located at Glendale Galleria, The Americana of Glendale, The Burbank Town Center, and Empire Center of Burbank. The proximity to the 134 and 5 Freeways will provide tenants with an easy commute to nearby neighborhoods such as Burbank, Eagle Rock, Los Feliz, Downtown Los Angeles, Pasadena, and all areas of San Fernando Valley.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1027 Grover Avenue

Zoning
GLR1
Parcel Number
5623030003
Total Units
8.0
Living Area
7793
Source Living Area
Vendor Enhanced
Area
Glendale-Northwest (626)
Vacancy Rate
0
Lot Size Area
7665
LISTING UPDATED: 12/07/2023 12:28 PM

Property Details for 1027 Grover Avenue

StatusSold
MLS #23-295421
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.18 AC / 7,665 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505

Sold By Marcus & Millichap, Sevak Keshishian, DRE #01887505

Add your commute

Building Information for 1027 Grover Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.18 AC / 7,665 SF

Payment Calculator

$18,926 per month

30 year fixed, 6.845% Interest

Principal and Interest

$16,059

Property Taxes

$2,867

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1027 Grover Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.176
  • Lot Size Square Feet: 7665
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Garage - 2 Car, Driveway
  • Total Parking: 10
  • Covered Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Parking Features: Covered, Garage - Two Door, Driveway
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-28-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $837,362.00
  • Assessed Improvement Percent: 53.19
  • Assessed Land Value: $736,877.00
  • Assessed Land Percent: 46.81
  • Assessed Total Value: $1,574,239.00

Property History for 1027 Grover Avenue

DateEvent & SourcePriceAppreciation
Dec 6, 2023

Sold

CRMLS #23295421

$3,065,000—
Dec 6, 2023

Sold

CLAW #23-295421

$3,065,000—
Nov 6, 2023

Sold (Public Record)

Public Record #1522575258

$3,065,000

+5.0% / yr

Oct 9, 2023

Pending

CLAW #23-295421

—
Oct 9, 2023

Accepting Backup Offers

CRMLS #23295421

—
Oct 9, 2023

Accepting Backup Offers

CLAW #23-295421

—
Jul 27, 2023

Listed (Active)

CRMLS #23295421

$3,300,000—
Jul 27, 2023

Listed (Active)

CLAW #23-295421

$3,300,000—
Mar 18, 2004

Sold (Public Record)

Public Record #131200824

$1,175,000—
DateEvent & SourcePrice
12/06/2023

Sold

CRMLS #23295421

$3,065,000
12/06/2023

Sold

CLAW #23-295421

$3,065,000
11/06/2023

Sold (Public Record)

Public Record #1522575258

$3,065,000

+5.0% / yr

10/09/2023

Pending

CLAW #23-295421

—
10/09/2023

Accepting Backup Offers

CRMLS #23295421

—
10/09/2023

Accepting Backup Offers

CLAW #23-295421

—
07/27/2023

Listed (Active)

CRMLS #23295421

$3,300,000
07/27/2023

Listed (Active)

CLAW #23-295421

$3,300,000
03/18/2004

Sold (Public Record)

Public Record #131200824

$1,175,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 Grover Avenue

Taxable ValueLand$2,000,000Additions$1,065,000Total$3,065,000
Tax Record2024$34,408 ($2,867 / month)
Home Facts
Total Finished SqFt7,793 SqFtAbove Grade Finished SqFt7,793 SqFtLot Size7,665 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningGLR4YYCountyLOS ANGELESAPN5623-030-003

Schools near 1027 Grover Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.