415 S Verdugo Rd Glendale, CA 91205
Somerset NeighborhoodEstimated payment $16,557/month
Total Views
4,707
5
Beds
7
Baths
3,104
Sq Ft
$902
Price per Sq Ft
Highlights
- Solar Power System
- Granite Countertops
- Laundry Room
- High Ceiling
- Living Room
- Tankless Water Heater
About This Home
INTRODUCING A RARE OPPORTUNITY!! FOUR STAND-ALONE UNITS IN GLENDALE!
Two of the units that were existing have been remodeled COMPLETELY (Fully gutted down to the studs and rebuilt in 2023, incl.complete roof change and earthquake retrofitting), and the other 2 units have been newly built (both completed in 2024) All 4 units have high-end premium finishes as shown in the pictures and as will be seen during the property walkthrough. ANYTHING and EVERYTHING on the property has been changed, replaced, and renewed according to the latest building codes. This incl. ALL electrical, plumbing, and mechanical work. The permits obtained and completed can be viewed on the City of Glendale's designated website. Fresh concrete was also poured in July 2024.
The front unit is 1bed/1bath, at 738 sqft. The second unit is a 1 bed/1.5 bath at 743 sqft. w/ SOLAR panels. The third unit is a 2bed/2bath at 916 sqft. The fourth unit is a 1bed/1.5 bath at 743 sqft. w/SOLAR panels. (Buyer to complete his/her own due diligence for verification of the provided details). Each unit comes w/1 parking spot and 1 additional parking spot still vacant to be utilized at owner's discretion. Each unit comes w/brand new appliances of stove and range hood/microwave. As expected, each unit has its own address, power and gas meters, w/water being the only shared meter as per current standards.
The first, second and fourth units were rented in 2024, and the third unit is occupied by the owner and will be delivered VACANT for owner-occupation or renting it out for additional income! Total collected rent WITHOUT the owner's unit is approx. $7,900. Projecting a $3,500 rental value for the owner's unit would mean a total approx. gross rental income of $11,400 per month! All current tenants have been fully vetted and verified by the owner.
DON'T MISS THE CHANCE TO SECURE THIS INCOME-PRODUCING ASSET!
Listing Agent
X-Change Realty & Investments Brokerage Phone: 818-422-9200 License #01920329
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,570
Year Built
- Built in 1941
Lot Details
- 7,863 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Concrete Perimeter Foundation
- Copper Plumbing
Interior Spaces
- 3,104 Sq Ft Home
- 1-Story Property
- High Ceiling
- Living Room
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Granite Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Parking
- Parking Available
- Assigned Parking
Eco-Friendly Details
- Solar Power System
- Solar Heating System
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Tankless Water Heater
- Cable TV Available
Additional Features
- Accessible Parking
- Rain Gutters
- Urban Location
Listing and Financial Details
- Tax Lot 5680
- Tax Tract Number 16
- Assessor Parcel Number 5680018016
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $7,200
- Other Expense $18,000
- Trash Expense $400
- Water Sewer Expense $2,000
- Operating Expense $27,600
- Gross Income $136,200
- Net Operating Income $108,600
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,570 | $1,040,400 | $780,300 | $260,100 |
| 2023 | $11,307 | $1,020,000 | $765,000 | $255,000 |
| 2022 | $6,081 | $536,095 | $374,805 | $161,290 |
| 2021 | $5,974 | $525,584 | $367,456 | $158,128 |
| 2019 | $5,749 | $509,997 | $356,558 | $153,439 |
| 2018 | $5,594 | $499,998 | $349,567 | $150,431 |
| 2016 | $5,332 | $480,585 | $335,994 | $144,591 |
| 2015 | $5,224 | $473,368 | $330,948 | $142,420 |
| 2014 | $5,188 | $464,097 | $324,466 | $139,631 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2025 03/16/25 | Price Changed | $2,799,000 | -6.7% | $902 / Sq Ft |
| 01/27/2025 01/27/25 | For Sale | $2,999,995 | +200.0% | $966 / Sq Ft |
| 03/07/2022 03/07/22 | Sold | $1,000,000 | +1.2% | $618 / Sq Ft |
| 02/04/2022 02/04/22 | Pending | -- | -- | -- |
| 01/29/2022 01/29/22 | For Sale | $988,000 | -- | $611 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | Ticor Title | |
| Grant Deed | $462,000 | North Bay Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $771,000 | New Conventional | |
| Previous Owner | $346,500 | New Conventional |
Source: Public Records
Similar Home in Glendale, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25017426
APN: 5680-018-016
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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