Verdugo Vista

Highlights

• 59,257 SF building
• 58 units
• Unit Mix: 1B/Ba, 2B/Ba, 2B/2Ba
• Built in 1974
• Zoned R-2250
• Located in the Glendale area
• 98% occupancy

Description

Presenting a lucrative opportunity for Multifamily/Mid-Rise investors, this impressive property at 1636 N Verdugo Rd, Glendale, CA, 91208 asserts its prominence with a spacious 59,257 SF building featuring 58 units. Built in 1974 and benefiting from R-2250 zoning, this investment offers a solid foundation for sustained returns. Boasting an impressive 98% occupancy rate, this meticulously maintained property stands as a testament to its desirability and strong tenant appeal. With its prime location in the vibrant Glendale area, this is a rare chance to add a high-performing asset to your real estate portfolio.

Nestled between Verdugo Vista Drive and Kirkby Road, this exceptional property offers investors a rare opportunity to acquire a premier holding in one of Southern California's most sought-after submarkets. With its four-story structure on a ±27,257 SF GLR4-zoned parcel, this meticulously designed gem, constructed in 1974, encompasses ±59,257 SF of living space. The thoughtfully curated unit mix includes eighteen one-bedroom/one-bathroom units, thirteen two-bedroom/one-bathroom units, and twenty-seven two-bedroom/two-bathroom units, totaling fifty-eight units that cater to diverse tenant profiles.