Verdugo Vista

1636 N Verdugo Rd Glendale, CA 91208

1636 N Verdugo Rd, Glendale, CA, 91208
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$22,000,000
Last Verified:
Jan 20, 2026

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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.


Year Built: 1974
Building Size: 59257sq ft
Building Class: B
Lot Size: 0.63 acres

Map of 1636 N Verdugo Rd, Glendale, CA, 91208

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.