6 Units, 16.01 GRM, 4.45% CAP
The Verdugo Property is a remarkable mixed-use building, consisting of 2 commercial and 4 residential units. Just blocks away from Glendale, and about 2.5 miles from the Americana and Glendale Galleria.
Built in 1965, the property’s structure consists of 3,766 square feet. The commercial units pay for all maintenance expenses pertaining to their unit. Each of the commercial units have a bathroom inside. The residential component of the property has 4 units in total. One 2 bed 2 bath unit, with central HVAC, and the remaining three units are all 1 bed 1 bath, with two of those three units being fully remodeled and upgraded.
Ownership has completed the soft-story retrofit, and upgraded 80% of the piping to copper. Furthermore, windows have been replaced for three of the residential units, and the entire building has been freshly painted all around. Great property for any investor to own!
Low property expenses and easy management makes the Verdugo Property a desirable investment in a neighborhood that’s consistently improving, with shops and eateries all around, and the property being just blocks away from Glendale.
© Baboudjian Properties, Inc.