1550 N Verdugo Rd

Glendale, CA 91208

$16,200,000
Last Sold Price
62
Beds
41,448 Sq. Ft.
$391 / Sq. Ft.
41,448
Sq. Ft.
$391
per Sq. Ft.

Description

''The Verdugos,'' an incomparable Opportunity to purchase a One of a Kind 45 Unit Apartment Complex, located in the Prestigious Woodlands Neighborhood of Glendale, directly adjacent to Glendale City College. Superior Unit Mix of spacious one bedroom one bathroom, and two bedroom Townhouse Style Homes. Upside in Rents. Beautiful Open Hillside Campus affording Pride of Ownership and preferred Tenant Enjoyment. Tastefully designed Interiors. Incredible Potential for the Wise Investor to Seize the Good...''The Verdugos,'' an incomparable Opportunity to purchase a One of a Kind 45 Unit Apartment Complex, located in the Prestigious Woodlands Neighborhood of Glendale, directly adjacent to Glendale City College. Superior Unit Mix of spacious one bedroom one bathroom, and two bedroom Townhouse Style Homes. Upside in Rents. Beautiful Open Hillside Campus affording Pride of Ownership and preferred Tenant Enjoyment. Tastefully designed Interiors. Incredible Potential for the Wise Investor to Seize the Good Fortune to Create Generational Wealth and Own an Extraordinary Trophy Asset, while Growing Accelerating Future Net Worth. Each apartment has the added value of a one car garage which comes with their rental.
  1. Listed by Chris Smith • DRE #01437838 • Pinnacle Estate Properties, Inc. • sellsimivalley@gmail.com
  2. Listed by Richard Karzen • DRE #00894182 • RE/MAX One

Property Details for 1550 North Verdugo Road

Subdivision Name
Not Applicable
Garage Spaces
45.00
View
City Lights, Mountain(s)
Cross Street
Verdugo
LISTING UPDATED: 01/11/2023 10:36 AM

Property Details for 1550 North Verdugo Road

StatusClosed
MLS #222004462
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size2.96 AC / 128,838 SF
CountyLos Angeles County

Location

Listing Courtesy of Pinnacle Estate Properties, Inc., Chris Smith, DRE #01437838; RE/MAX One, Richard Karzen, DRE #00894182

Sold By Pinnacle Estate Properties, Inc., Chris Smith, DRE #01437838; RE/MAX One, Richard Karzen, DRE #00894182

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Building Information for 1550 North Verdugo Road

Stories12Residences-Year Built1950Building Size-Lot Size2.96 AC / 128,838 SF

Payment Calculator

$100,315 per month

30 year fixed, 6.845% Interest

Principal and Interest

$84,878

Property Taxes

$15,437

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1550 North Verdugo Road

Summary
Location and General Information
  • Building Area Total: 41,448.00
  • City: Glendale
  • Country: US
  • School District: Glendale Unified
  • Levels: One, Two
  • Area: 627 - Glendale-Rossmoyne and Verdugo Woodlands
  • Postal Code Plus4: 2800
  • Unparsed Address: 1550 N Verdugo Road, Glendale, CA 91208
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 2.96
  • Lot Size Square Feet: 128,838.00
  • Lot Size Area: 128,838.00
  • Lot Size Source: Public Records
  • Lot Size Units: Square Feet
  • Parcel Number: 5652009001
  • Zoning: GLR4-R1*
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 1
  • Year Built Source: Assessor
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • Pool: No
  • Spa: No
Interior Features
  • Bathrooms Full: 60
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 60
  • Fireplace: No
  • Flooring: Carpet, Wood
  • Laundry Features: Laundry Area
  • Living Area: 41,448.00
  • Living Area Source: Public Records
  • View: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 45
  • Number Of Separate Gas Meters: 45
  • Number Of Separate Water Meters: 1
  • Special Listing Conditions: Standard
Rental
Rental Information
  • Lease Amount: $.00

Property History for 1550 North Verdugo Road

DateEvent & SourcePriceAppreciation
Nov 18, 2022

Sold

CLAW #222004462VC

$16,200,000—
Nov 18, 2022

Sold

CRMLS #222004462

$16,200,000—
Nov 18, 2022

Sold

VCRDS #222004462

$16,200,000—
Oct 24, 2022

Pending

CRMLS #222004462

—
Oct 17, 2022

Pending

VCRDS #222004462

—
Oct 17, 2022

Pending

CLAW #222004462VC

—
Sep 26, 2022

Sold (Public Record)

Public Record #1501321926

$16,200,000

+15.6% / yr

Sep 22, 2022

Accepting Backup Offers

CRMLS #222004462

—
Sep 22, 2022

Accepting Backup Offers

VCRDS #222004462

—
Sep 7, 2022

Listed (Active)

VCRDS #222004462

$16,000,000—
Sep 6, 2022

Listed (Active)

CLAW #222004462VC

$16,000,000—
Sep 6, 2022

Listed (Active)

CRMLS #222004462

$16,000,000—
Jan 26, 2016

Sold (Public Record)

Public Record #564769208

$6,150,000—
DateEvent & SourcePrice
11/18/2022

Sold

CLAW #222004462VC

$16,200,000
11/18/2022

Sold

CRMLS #222004462

$16,200,000
11/18/2022

Sold

VCRDS #222004462

$16,200,000
10/24/2022

Pending

CRMLS #222004462

—
10/17/2022

Pending

VCRDS #222004462

—
10/17/2022

Pending

CLAW #222004462VC

—
09/26/2022

Sold (Public Record)

Public Record #1501321926

$16,200,000

+15.6% / yr

09/22/2022

Accepting Backup Offers

CRMLS #222004462

—
09/22/2022

Accepting Backup Offers

VCRDS #222004462

—
09/07/2022

Listed (Active)

VCRDS #222004462

$16,000,000
09/06/2022

Listed (Active)

CLAW #222004462VC

$16,000,000
09/06/2022

Listed (Active)

CRMLS #222004462

$16,000,000
01/26/2016

Sold (Public Record)

Public Record #564769208

$6,150,000

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

Public Records for 1550 North Verdugo Road

Taxable ValueLand$9,282,000Additions$7,251,750Total$16,533,750
Tax Record2024$185,250 ($15,437 / month)
Home Facts
Total Finished SqFt41,448 SqFtAbove Grade Finished SqFt41,448 SqFtLot Size128,838 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningGLR4-R1*CountyLOS ANGELESAPN5652-009-001

Schools near 1550 North Verdugo Road

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 - 7 to 10
Rating
School
Distance
Verdugo Woodlands Elementary School
PublicK to 6

Woodrow Wilson Middle School
Public6 to 8

Glendale High School
Public9 to 12

Jewel City Community Day School
Public7 to 10

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.

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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 Pinnacle Estate Properties, Inc., Chris Smith, DRE #01437838; RE/MAX One, Richard Karzen, DRE #00894182

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.