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1129 North Verdugo Road, Glendale, CA 91206
3 Units
Sale Price $1,085,000
Property Highlights
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Beautiful well located Triplex in Glendale
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Non Rent Control (*subject to Ordinance #5922)
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Rents approximately 24% below market
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21.5% Average Annual Return (w/ 7% Annual Rent Increase)
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4.94% Market Cap
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14.39 Market GRM
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Perfect Owner/Occupied Property Opportunity
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2 Garages w/ Driveway Parking
Americana at Brand
This listing is only a couple of miles from the Americana at Brand, a shopping destination for people through-out Los Angeles and a catalyst for the acceleration of the entire Glendale community. Apartments in the area of the Americana at Brand (displayed to the left) achieve rents that are approximately 30% above market and are currently 98% leased.
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