Property Detail

Description

Welcome to 1860 Verdugo Loma Drive, a rare fourplex investment opportunity located in the prime North Glendale area. Situated on a generous 26,000+ square foot lot, this asset offers a total of 5,198 square feet of living space, with each spacious unit measuring 1,299.5 square feet. Each unit features two bedrooms and two bathrooms, delivering a comfortable and functional layout. Built with mid-century charm, the property retains original architectural features visible both inside and out, including accent walls and fireplaces in the living areas. While all units currently share a common laundry room, they do not have washer/dryer inside. Each unit has a one-car covered garage and one open parking space. Currently, two units on the lower level are available for rent, while the two upstairs units are occupied at below-market rents of $1,400 and $1,600 monthly. Notably, one tenant has been in residence for 30 years, and another for over 10 years, providing a stable rental history. Photos shared in this listing showcase Unit A, which is somewhat dated but in excellent condition, and Unit B, which is well-maintained but shows more signs of age. Units C and D are in a different condition and are not featured in the photos at this time. We kindly request that prospective buyers respect the privacy of current tenants and refrain from contacting them directly. Though the property has solid structural bones, it does require deferred maintenance and updates. These conditions are subject to buyer’s inspection and verification. However, the property will be sold as-is, with no credit to be provided. With its excellent location, generous lot size, charming character, and significant upside potential through renovation, this fourplex represents a compelling opportunity for investors seeking to add value in a highly desirable Glendale neighborhood.