1133 N Verdugo Road, Glendale, CA 91206
Triplex · 2 recorded sales since 2023
Sold August 2023
Listing Agent: Armen Sarkissian (DRE #01242603) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: (626) 440-5100 · Bought with: Arin Yeghoian · Equity Union · MLS #P1-14209 · Source: CRMLS
About this triplex
Incredible investment opportunity for an ideal triplex located in the highly sought-after neighborhood of North Glendale, directly adjacent to Rossmoyne/Verdugo Woodlands. This remarkable property consists of three units, each featuring two bedrooms, one bath, in-unit laundry, and separate addresses. The separate, free-standing rear unit feels like a single family home while the front two units are attached, creating an ideal duplex with charming front porch entries. Inside each of the three units, you'll find spacious living rooms complemented by large bedrooms and ample closets. The kitchens in each feature gas stoves and the rear is equipped with a dishwasher. Each unit contains multiple wall-mounted air conditioning units and wall furnaces, providing year-round comfort for its occupants. Adding to the property's allure, the rear stand-alone unit enjoys a private, gated and covered side patio and rear space. This triplex also features a two-car garage situated down a long driveway, currently serving two of the units and presenting an ideal potential ADU opportunity for increased return on this already fantastic investment. The property has been meticulously maintained and improved by the same family for over 40 years. Notable upgrades include newer main electrical panels and recent, extensive remodels in two of the units. These remodels showcase updated kitchens, bathrooms, newer flooring, and energy-efficient dual-pane windows. The expansive lot is ideally sited to provide privacy for each unit and is adorned with mature and verdant landscaping. Its prime location within a highly regarded school district provides easy access to freeways, Glendale Community College, vibrant shopping and dining options along Brand Blvd. and at The Americana, as well as downtown Montrose. Residents are sure to appreciate the unparalleled convenience offered by this location. Fully occupied at market rate rents and a 4.5% cap rate, this triplex presents a rare and excellent investment opportunity with room to add additional income. Please note that the property is subject to interior inspection and is currently drive-by only. Kindly refrain from disturbing the tenants or walking on the property without prior notice.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history
