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1055 Grover Avenue

Glendale, CA 91201

– beds
– baths
– sqft
7,741 sqft lot
1962 build
– on site

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $165,000 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,500, for 2 bed $2800 and 1 bed $2100 a month. Some TLC on this property current rents can potentially go up about $267,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/C’s, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.

Listed By CRMLS_CA / Vartan Markarian / Markarian Realty / MarkarianRealty@gmail.com

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# GD24186109 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

7211.00
Building Area Units:

Square Feet
Total Number Of Units:

10
# of Buildings:

1
Roof:

Flat
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

11
# of Separate Water Meters:

1
# of Separate Electric Meters:

11

Interior

Entry Location:

Ground level
Fireplace:

Yes
Fireplace:

See Remarks
Laundry:

Community
Laundry:

1

Location

Directions:

Glenoaks
Latitude:

34.16700600
Longitude:

-118.28591500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

GLR4YY
Lot Features:

Yard
Lot Size Area:

7741.0000
Lot Size Acres:

0.1777
Lot Size SqFt:

7741.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

3016.01
Tax Tract:

8219
Tax Lot:

20

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5623031015

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

The Community

Features:

Curbs
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

13.00
Garage Spaces:

13.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/8/24 Sep 8, 2024	Price Changed	CRMLS_CA	$2,799,999	55.6%
9/8/24 Sep 8, 2024	Listed / Active	CRMLS_CA	$1,799,999
3/13/24 Mar 13, 2024	Listed / Active	CRMLS_CA

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This multifamily located in Grandview, Glendale, CA 91201 is currently for sale for $2,799,999. 1055 Grover Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 100 days. 1055 Grover Avenue is in the Grandview neighborhood of Glendale and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Herbert Hoover Senior High School, Eleanor J. Toll Middle School, and Thomas Jefferson Elementary School.

Listing Courtesy of: CRMLS_CA and Markarian Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 15:27 on Dec 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.