1700 Del Valle Avenue

Glendale, CA 91208

$2,700,000
Price
12
Beds
9
Baths
8,252 Sq. Ft.
$327 / Sq. Ft.
8,252
Sq. Ft.
$327
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8-unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2-bedroom units currently vacant, an investor can immediately add value through renovations...We are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8-unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2-bedroom units currently vacant, an investor can immediately add value through renovations and achieve market rents while also benefiting from an additional 16% upside across the remaining units. With on-site laundry and an implemented utility bill-back program, the property is perfectly situated to maximize income for a potential investor. There are eight parking spaces that include three private garage spaces and a five-vehicle carport, providing the potential for an investor to add ADUs. With its impeccable location just south of the vibrant Montrose Village Square & minutes away from Glendale Community College, the property continues to attract a strong renter pool due to its quiet residential feel and convenient location. Its proximity to the 2, 134, and 210 freeways provides residents with convenient access to surrounding neighborhoods of Burbank, Pasadena, Eagle Rock and Downtown Los Angeles.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1700 Del Valle Avenue

Zoning
R1650
Parcel Number
5653013009
Total Units
8.0
Living Area
8252
Source Living Area
Vendor Enhanced
Area
Rossmoyne & Verdugo Woodlands
Vacancy Rate
Yes
Lot Size Area
12676
LISTING UPDATED: 11/13/2024 08:00 AM

Property Details for 1700 Del Valle Avenue

StatusActive
MLS #24-462817
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.29 AC / 12,676 SF
CountyLos Angeles County

Building Information for 1700 Del Valle Avenue

Stories3Residences-Year Built1948Building Size-Lot Size0.29 AC / 12,676 SF

Property Information for 1700 Del Valle Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public, Water District
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $204,854
  • Net Operating Income: $131,980.00
  • Gross Income: $210,933
  • Cap Rate: 4.89%
  • Gross Rent Multiplier: $13.32
  • Actual Annual Gross Rent: $202,632.00
  • Laundry Income: $1,200
  • Vacancy Allow Dollar: $6,079.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 72875
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2888
  • Lot Size Square Feet: 12676
  • Lot Size Dimensions: 170x74
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Garage Is Detached
  • Total Parking: 8
  • Garage Spaces Total: 3
  • Carport Spaces Total: 5
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,654.00
  • Unit Actual Rent: $1,654.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,545.00
  • Unit Actual Rent: $1,545.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,090.00
  • Unit Actual Rent: $2,090.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,499.00
  • Unit Actual Rent: $1,499.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,824.00
  • Unit Actual Rent: $1,824.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,874.00
  • Unit Actual Rent: $2,874.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $296,507.00
  • Assessed Improvement Percent: 20.68
  • Assessed Land Value: $1,137,338.00
  • Assessed Land Percent: 79.32
  • Assessed Total Value: $1,433,845.00

Property History for 1700 Del Valle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1700 Del Valle Avenue

Taxable ValueLand$1,160,084Additions$302,437Total$1,462,521
Tax Record2024$17,122 ($1,427 / month)
Home Facts
Total Finished SqFt8,252 SqFtAbove Grade Finished SqFt8,252 SqFtLot Size12,580 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningGLR4-L*CountyLOS ANGELESAPN5653-013-009

Schools near 1700 Del Valle 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 - 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1700 Del Valle Avenue is a multi-family home for sale in Glendale, CA 91208. This property was listed for sale on November 12, 2024 by Marcus & Millichap, it's currently listed at $2,700,000. It has been on the market for a total of 5 days and was last sold on May 2, 2003. This listing's school district is Glendale Unified School District. Nearby schools include Verdugo Woodlands Elementary School, Woodrow Wilson Middle School and Glendale High School. 1700 Del Valle Avenue is a 12-bed, 9-bath, 8,252 sqft multi-family home built in 1948.

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.