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.
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