We are pleased to present the GlenVerdugo apartments, a well appointed 17 unit community in Glendale. Extensive modernization and remodel efforts have resulted in a stabilized asset in high demand. With the current in place NOI, an investor could obtain 60% LTV I. 0. and achieve 5.1% return cash on cash. The current ownership has gone through great lengths and capital improvements to offer tenants a warm and inviting community including a courtyard lounge and BBQ area, lighting package, signage, secured access and parking just to name a few. 10 of the 17 units have been completely remodeled, the remaining units on turnover will allow the new buyer to realize even greater rate of return on their investment. The GlenVerdugo is a one of a kind unique asset, located within minutes to Americana at Brand & Galleria, is highly walkable with a 89 Walk-Score, and immediate access to the 2, 5, and 134 freeways. There is a large affordability gap in Glendale, $995,000 is the median home sales price with majority of residents being renters. The strong fundamentals, highly regarded police & fire departments, blue ribbon schools, and strong workforce, historically low vacancy - all lend to the continued desire to invest in Glendale. * * * For full offering memorandum email or call listing agent * * *
Multi-familyProperty Type
1960Year Built
0.39 acresLot Size
$445Price/Sq.Ft.
21 car garageParking
Listed by Levon Alexanian•DRE #00911091• Keller Williams World Media Center
Bought with General NONMEMBER•DRE #01447185• NONMEMBER MRML
We are pleased to exclusively offer The GlenVerdugo Apartments for sale, a 17 unit professionally managed community in Glendale. This mid-century building is located on a major thoroughfare, Verdugo Rd, right through the heart of the city. The long term family owners in conjunction with a professional management company, have mutinously maintained the asset. The GlenVerdugo Apartments are comprised of very well laid out spacious units. Unit Mix of (2) 0+1, (10) 1+1, (1) 2+1, (2) 2+1.5, (1) 2+1.75, (1) 2+2. Rents averaging for 0+1 averaging $1,262, for one-bedrooms averaging $1,592, for two bedrooms averaging $1,799, total scheduled rent is $27,353. The extremely close proximity to the outdoor shopping mall, better known as one of L. A. 's premier dining, shopping, and entertainment hot spots, is a major plus for tenants. The property offers considerable upside in rents along with additional added value opportunity. Contact listing agent for a complete offering memorandum.
SDMLS #301765123
Nov 19, 2019
Listing Removed
—
Aug 28, 2019
Listed
$5,450,000
$419/sq ft
CRMLS #SR19206119
Nov 19, 2019
Listing Removed
—
Oct 14, 2019
Price Changed
$5,450,000
$419/sq ft
Aug 28, 2019
Listed
$5,700,000
$438/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$69,781 (+1.6%)
$2,561,466 + $3,842,200
$6,403,666
2024
$68,655 (+2.3%)
$2,511,242 + $3,766,863
$6,278,105
2023
$67,098 (+1.3%)
$2,462,002 + $3,693,003
$6,155,005
2022
$66,227 (+18.6%)
$2,413,728 + $3,620,592
$6,034,320
2021
$55,851 (+770.5%)
$2,366,400 + $3,549,600
$5,916,000
2020
$6,416 (+1.8%)
$1,980,305 + $2,970,458
$4,950,763
2019
$6,305 (+5.9%)
$110,498 + $299,848
$410,346
2018
$5,952 (+2.6%)
$108,332 + $293,969
$402,301
2017
$5,801 (+5.8%)
$104,126 + $282,554
$386,680
2016
$5,486 (+1.6%)
$104,126 + $282,554
$386,680
2015
$5,401 (−1.6%)
$102,085 + $277,014
$379,099
2014
$5,487 (+2.7%)
$98,583 + $267,509
$366,092
2012
$5,343 (+2.0%)
$98,138 + $266,300
$364,438
2011
$5,241 (+2.6%)
$96,214 + $261,079
$357,293
2010
$5,110 (−0.3%)
$94,328 + $255,960
$350,288
2009
$5,124 (+1.7%)
$93,624 + $254,048
$347,672
2008
$5,041
$93,847 + $254,652
$348,499
Tax history for 135 N Verdugo Rd
Year
Property tax
Land + Additions
Assessment*
2025
$69,781 (+1.6%)
$2,561,466 + $3,842,200
$6,403,666
2024
$68,655 (+2.3%)
$2,511,242 + $3,766,863
$6,278,105
2023
$67,098 (+1.3%)
$2,462,002 + $3,693,003
$6,155,005
2022
$66,227 (+18.6%)
$2,413,728 + $3,620,592
$6,034,320
2021
$55,851 (+770.5%)
$2,366,400 + $3,549,600
$5,916,000
2020
$6,416 (+1.8%)
$1,980,305 + $2,970,458
$4,950,763
2019
$6,305 (+5.9%)
$110,498 + $299,848
$410,346
2018
$5,952 (+2.6%)
$108,332 + $293,969
$402,301
2017
$5,801 (+5.8%)
$104,126 + $282,554
$386,680
2016
$5,486 (+1.6%)
$104,126 + $282,554
$386,680
2015
$5,401 (−1.6%)
$102,085 + $277,014
$379,099
2014
$5,487 (+2.7%)
$98,583 + $267,509
$366,092
2012
$5,343 (+2.0%)
$98,138 + $266,300
$364,438
2011
$5,241 (+2.6%)
$96,214 + $261,079
$357,293
2010
$5,110 (−0.3%)
$94,328 + $255,960
$350,288
2009
$5,124 (+1.7%)
$93,624 + $254,048
$347,672
2008
$5,041
$93,847 + $254,652
$348,499
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
20
Baths
22
Stories
—
Lot width
—
Lot depth
—
Lot size
0.39 Acres
Year renovated
1960
Sq. Ft.
13,020
Year built
1960
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5645026018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
R 1650
Medium-High Density Residential Zone
The R-1650 zone is intended primarily as a zone for medium-high density residential development with a minimum of 1,650 square feet of lot area per dwelling unit or approved overlay zone uses, in conformance with the comprehensive general plan of the city. The location of the R-1650 zone is based on convenience, adequacy of services, traffic circulation and the existence of open space and recreation areas that support the concentration of population in such zones. It is in the public interest that multiple residential dwelling areas in the community be made pleasant, inviting and efficient and that considerations of amenity and attractiveness are appropriate in the promotion of the health, safety and general welfare. Wireless telecommunication facilities are disfavored from locating in this zone, permitting these facilities only when no feasible alternative site exists or when a denial would constitute a prohibition on the provision of the affected telecommunications service.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Apr 8, 2024 • Final
Building (multi-family or condominium) - window and door
Remove and replace a window in the living room.
Remodel
Jan 31, 2024 • Final
Right-of-way - sidewalk and driveway
Core a hole in the curb to connect the roof drain to the street.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 21
# of Parking Spaces: 21
Interior
Laundry Information
Has Laundry
Area
Unit Type 1 Information
Unit Key Numeric: 10723814
Listing Key Numeric: 365196879
Actual Rent: $1,711
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $20,740
Total # of Units: 12
Unit Type 2 Information
Unit Key Numeric: 10723815
Listing Key Numeric: 365196879
Actual Rent: $2,199
Furnished: Unfurnished
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $2,199
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 365196879
Unit Key Numeric: 10723816
Actual Rent: $2,235
Total # of Beds: 2
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $8,939
Total # of Units: 4
Multi-Unit Information
Net Operating Income: $252,903
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 13,020
Gross Scheduled Income: $387,096
Gross Multiplier: 16.1
Gross Income: $387,096
Laundry Income: $200
# Of Separate Water Meters: 18
# Of Separate Gas Meters: 18
# Of Separate Electric Meters: 18
# Of Buildings: 1
Vacancy Allowance: 7742
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 16-20 Units/Acre
Property Information
Total # of Units: 17
Common Walls: 1 common wall
Parcel Number: 5645026018
Attached Property
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $379,354
Other Income: $450
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Urban
Location Information
Latitude: 34.14751500
Longitude: -118.23598700
Directions: Drive Safely
Zoning: GLR4YY
Public facts
Beds: 20
Baths: 22.0
Sq. Ft.: 13,020
Stories: —
Lot Size: 0.39 acres
Style: Multi-Family (5+ Unit)
Year Built: 1960
Year Renovated: 1960
County: Los Angeles County
APN: 5645026018
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 52
Continuous Days Active in MLS: 52
Listing Agent Information
List Agent First Name: Levon
List Agent Last Name: Alexanian
Listing Office Information
List Office Name: Keller Williams World Media Center
Selling Agent Information
Buyer Agent First Name: General
Buyer Agent Last Name: NONMEMBER
Selling Office Information
Buyer Office Name: NONMEMBER MRML
Around this home
Schools
K - 12
Preschool & daycare
John Marshall Elementary School
Public K-5 • Assigned • 0.2mi
3/10
Woodrow Wilson Middle School
Public 6-8 • Assigned • 0.6mi
8/10
Glendale High School
Public 9-12 • Assigned • 0.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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