Amazing opportunity to own a gem in North Glendale above Glendale Community College. This building was constructed in 1958 and consists of two buildings, i. e. a 17 unit and a 12 unit, on the same lot. There are (12) 2+1, (16) 1+1 and (1) 2+1.5 Townhouse on a 36,600 SQFT lot in a 25,000 Sqft improvement. Each building consists of various fourplexes connected to one another on the roof line, and there are 29 detached garages, no'' soft story. Majority of the units have been remodeled with hardwood flooring, ceramic wall and floor tiles in bathroom and kitchen, wall type heating and air conditioning. Recently, the Electrical service to the building was upgraded with a 1200 amp service facilitating the improving units with central A/C and charges for Electric cars. The building is located right across from blue ribbon Verdugo Woodlands Elementary school highly sought by Glendale parents. It is also walking distance to GCC facilitating possibility of student housing arrangements. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, i. e. student housing; or, improving amenities, i. e. Central A/C, Electric car charges.
Multi-familyProperty Type
1949Year Built
0.84 acresLot Size
$164Price/Sq.Ft.
29 spacesParking
Listed by George Yessaie•DRE #01893333• JohnHart Real Estate
Bought with George Yessaie•DRE #01893333• JohnHart Real Estate
Amazing opportunity to own a gem in North Glendale above Glendale Community College. This building was constructed in 1958 and consists of two buildings, i.e. a 17 unit and a 12 unit, on the same lot. There are (12) 2+1, (16) 1+1 and (1) 2+1.5 Townhouse on a 36,600 SQFT lot in a 25,000 Sqft improvement. Each building consists of various fourplexes connected to one another on the roof line, and there are 29 detached garages, no'' soft story. Majority of the units have been remodeled with hardwood flooring, ceramic wall and floor tiles in bathroom and kitchen, wall type heating and air conditioning. Recently, the Electrical service to the building was upgraded with a 1200 amp service facilitating the improving units with central A/C and charges for Electric cars. The building is located right across from blue ribbon Verdugo Woodlands Elementary school highly sought by Glendale parents. It is also walking distance to GCC facilitating possibility of student housing arrangements. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, i.e. student housing; or, improving amenities, i.e. Central A/C, Electric car charges.
CRMLS #FR2014791
Jun 27, 2006
Sold
$4,800,000
$191/sq ft
Jan 20, 2006
Listed
$5,250,000
$209/sq ft
Utilities expenses $10081 NO RENT CONTROL LOW RENTS LOTS OF UPSIDE DESIRABLE VERDUGO WOODLAND NEIGHBORHOOD. LARGE CORNER LOT 37958 SQ. FT. BUILDING 25176 SQ. FT. 32 CARPORT W/ STORAGE. 2 SINGLE CAR GARAGES. 11 2+1 UNITS AND 1B 1+1 UNITS. MUST SEE! ALL UNITS SEPARATELY METERED FOR GAS AND ELECTIC.
Year
Property tax
Land + Additions
Assessment*
2025
$96,975 (+1.8%)
$4,974,244 + $3,837,184
$8,811,428
2024
$95,231 (+2.3%)
$4,876,711 + $3,761,946
$8,638,657
2023
$93,089 (+1.7%)
$4,781,090 + $3,688,183
$8,469,273
2022
$91,508 (+1.8%)
$4,687,344 + $3,615,866
$8,303,210
2021
$89,889 (+1.4%)
$4,595,436 + $3,544,967
$8,140,403
2020
$88,619 (+33.5%)
$4,505,330 + $3,475,458
$7,980,788
2019
$66,399 (+2.1%)
$4,459,134 + $3,439,822
$7,898,956
2018
$65,065 (+1.6%)
$4,900,272 + $980,048
$5,880,320
2017
$64,051 (+3.4%)
$4,709,990 + $941,993
$5,651,983
2016
$61,933 (+2.1%)
$4,709,990 + $941,993
$5,651,983
2015
$60,687 (+0.6%)
$4,617,638 + $923,523
$5,541,161
2014
$60,300 (+23.4%)
$4,459,183 + $891,833
$5,351,016
2012
$48,854
$3,851,200 + $788,800
$4,640,000
2011
$48,861 (−13.0%)
$3,610,500 + $739,500
$4,350,000
2010
$56,151 (−1.1%)
$3,610,500 + $739,500
$4,350,000
2009
$56,795 (+2.2%)
$4,234,771 + $846,953
$5,081,724
2008
$55,577
$4,244,832 + $848,966
$5,093,798
Tax history for 1748 N Verdugo Rd
Year
Property tax
Land + Additions
Assessment*
2025
$96,975 (+1.8%)
$4,974,244 + $3,837,184
$8,811,428
2024
$95,231 (+2.3%)
$4,876,711 + $3,761,946
$8,638,657
2023
$93,089 (+1.7%)
$4,781,090 + $3,688,183
$8,469,273
2022
$91,508 (+1.8%)
$4,687,344 + $3,615,866
$8,303,210
2021
$89,889 (+1.4%)
$4,595,436 + $3,544,967
$8,140,403
2020
$88,619 (+33.5%)
$4,505,330 + $3,475,458
$7,980,788
2019
$66,399 (+2.1%)
$4,459,134 + $3,439,822
$7,898,956
2018
$65,065 (+1.6%)
$4,900,272 + $980,048
$5,880,320
2017
$64,051 (+3.4%)
$4,709,990 + $941,993
$5,651,983
2016
$61,933 (+2.1%)
$4,709,990 + $941,993
$5,651,983
2015
$60,687 (+0.6%)
$4,617,638 + $923,523
$5,541,161
2014
$60,300 (+23.4%)
$4,459,183 + $891,833
$5,351,016
2012
$48,854
$3,851,200 + $788,800
$4,640,000
2011
$48,861 (−13.0%)
$3,610,500 + $739,500
$4,350,000
2010
$56,151 (−1.1%)
$3,610,500 + $739,500
$4,350,000
2009
$56,795 (+2.2%)
$4,234,771 + $846,953
$5,081,724
2008
$55,577
$4,244,832 + $848,966
$5,093,798
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
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
Covered Parking, Assigned, Carport Detached, Parking Space
Has Parking
# of Parking Spaces: 29
Interior
Laundry Information
Has Laundry
Community, Area
Kitchen Information
Has Appliances
Cooling Information
Wall Window
Has Cooling
Flooring Information
Carpet, Tile, Laminated, Wood
Heating Information
Natural Gas, Wall Heater
Has Heating
Interior Features
Balcony, Ceiling Fan
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10507684
Listing Key Numeric: 362028611
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $1,519
Unit Type 2 Information
Unit Key Numeric: 10507685
Listing Key Numeric: 362028611
Unit Type 3 Information
Listing Key Numeric: 362028611
Unit Key Numeric: 10507686
Unit Type 4 Information
Listing Key Numeric: 362028611
Unit Key Numeric: 10507687
Unit Type 5 Information
Unit Key Numeric: 10507688
Listing Key Numeric: 362028611
Unit Type 6 Information
Listing Key Numeric: 362028611
Unit Key Numeric: 10507689
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,718
Unit Type 7 Information
Unit Key Numeric: 10507690
Listing Key Numeric: 362028611
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,950
Unit Type 8 Information
Unit Key Numeric: 10507691
Listing Key Numeric: 362028611
Unit Type 9 Information
Unit Key Numeric: 10507692
Listing Key Numeric: 362028611
Unit Type 10 Information
Unit Key Numeric: 10507693
Listing Key Numeric: 362028611
Multi-Unit Information
Net Operating Income: $341,070
Total Building Area: 25,176
Gross Operating Income: $560,064
Gross Multiplier: 16.07
Laundry Equipment Own or Lease: Own
# Of Leased Units: 29
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 29
# Of Separate Electric Meters: 29
# Of Buildings: 2
Operating Expense Percent: $36
Vacancy Allowance: 0
Exterior
Exterior Information
Construction Materials: Frame
Lot Information
Lot Size Source: Public Records
Property Information
Total # of Units: 29
Common Walls: 1 common wall
Parcel Number: 5652018046
Personal Property Amount: 0
Personal Property Percent: 0.00
Attached Property
Property Condition: Updated/Remodeled
Financial
Lease / Rental Details
Operating Expense: $202,192
Utilities
Utilities Information
Sewer: Sewer Paid
Water Source: District/Public
Location
Location Information
Latitude: 34.17343267
Longitude: -118.22567829
Directions: The Subject Property is north of Sherer Lane and south of Crestmont Court. Canada Boulevard is west and State Route 2, Angeles Crests Highway, is east Cross Streets: Sherer Ln and Cresmont Ct
Subdivision Name: Not Applicable-105
Zoning: GLR4*
Public facts
Beds: 38
Baths: 30.0
Sq. Ft.: 25,176
Stories: —
Lot Size: 0.84 acres
Style: Multi-Family (5+ Unit)
Year Built: 1949
Year Renovated: 1949
County: Los Angeles County
APN: 5652018046
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 308
Listing Agent Information
List Agent First Name: George
List Agent Last Name: Yessaie
Listing Office Information
List Office Name: JohnHart Real Estate
Selling Agent Information
Buyer Agent First Name: George
Buyer Agent Last Name: Yessaie
Selling Office Information
Buyer Office Name: JohnHart Real Estate
Around this home
Schools
Verdugo Woodlands Elementary School
Public K-6 • Assigned • 0.1mi
9/10
Woodrow Wilson Middle School
Public 6-8 • Assigned • 1.4mi
8/10
Glendale High School
Public 9-12 • Assigned • 2.0mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 98° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Glendale, CA • 91208
Average low and high temperatures (°F)
67
47
69
49
72
51
70
51
73
55
78
58
83
61
87
64
83
63
79
57
70
50
68
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 6.4 hours in December, placing it above the
U.S. average for solar exposure.