1636 N Verdugo Rd - Apartments FOR SALE


Glendale, CA 91208- Verdugo Woodlands
$21,000,000 USD
213-631-8788
1636 N Verdugo Rd, Glendale, CA for Sale
$21,000,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

1636 N Verdugo Rd
Glendale, CA 91208
Verdugo Woodlands


HIGHLIGHTS

  • EXCELLENT ACCESS TO PUBLIC TRANSIT AND FREEWAYS
  • MULTIPLE COMMUNITY ENTERTAINMENT SPACES
  • AMPLE SUBTERRANEAN PARKING
  • GLENDALE COMMUNITY COLLEGE

OVERVIEW

CBRE, Inc. is proud to exclusively preset Verdugo Vista, a distinguished multifamily asset nestled in Glendale, California -”The Jewel City." Strategically positioned between Verdugo Vista Drive and Kirkby Road, this exceptional property presents investors with a rare opportunity to acquire a premier holding in one of Southern California's most coveted submarkets. Rising four stories on a ±27,257 SF GLR4-zoned parcel, this 1974-constructed gem encompasses ±59,257 SF of meticulously designed living space. The property's thoughtfully curated unit mix features 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. Northern Glendale's crown jewel offers unparalleled connectivity, with seamless access to the I-134 and I-2 freeways placing the entire region within effortless reach. Residents enjoy an enviable lifestyle surrounded by top-rated public schools, world-class dining destinations, artisan bakeries, specialty coffee houses, and essential services along bustling corridors connecting Burbank and Pasadena. The iconic Americana at Brand, Glendale Galleria, and vibrant downtown Glendale elevate the location's appeal to exceptional heights. While Glendale remains free from citywide rent control ordinances, the property operates under AB-1482 guidelines. With robust market fundamentals anchoring its performance, 1636 N Verdugo Road represents an outstanding acquisition for investors pursuing appreciation potential, reliable cash flow, and a proven inflation hedge in one of California's most resilient markets.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

60

PRICE/UNIT

$350,000

CAP RATE

5%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verdugo Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1974

PARKING SPACES

87

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,628 SF

ZONING

GLR4YY

APN/PARCEL ID

5652-011-027

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.