1801-1809 Verdugo Loma Dr 5 Unit Apartment Building $2,733,880 CAD ($546,776 CAD/Unit) 4.81% Cap Rate Glendale, CA 91208

Marcus & Millichap presents 1801 Verdugo Loma Drive, a rare five-unit multifamily investment opportunity located in the Verdugo Woodlands neighborhood of northeast Glendale. Situated just north of Glendale Community College, this generational asset will be delivered with one 2bed/1.5bath unit vacant, allowing for the new investor to renovate the unit before lease-up or the possibility for owner occupancy.
Constructed in 1954, the asset comprises two 1bed/1bath units, two 2bed/1.25bath units, and one 2bed/1.5bath unit spread across 4,960 square feet. The asset provides separate gas and electric meters for each unit, hot water serviced by two central water heaters, an on-site laundry room with one washer and one dryer, and a detached parking structure with three 2-car garages. The lot spans 9,146 square foot lot and is zoned R2250, making the existing number of units irreplaceable with the current zoning.
Situated just north of fork where Verdugo Rd. and Cañada Blvd. split, 1801 Verdugo Road is a half mile from Glendale Community College and 2.5 miles from Montrose Village Square. The area is one of the most sough after neighborhoods in the city. Commuters are within minutes from the nearest on-ramp to the CA-2, offering ease of access to the to all of the Tri-Cities (Glendale, Burbank, and Pasadena).