FOR SALE
Listed by Vartan Markarian, Markarian Realty, (818) 248-8668
1055 Grover Ave
Glendale, CA 91201
Grandview
12 Beds
11 Baths
7,211 sqft
- 12 Beds
- 11 Baths
- 7,211 sqft
12 Beds
11 Baths
7,211 sqft
Local Information
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-- mins to
Commute Destination
Description
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 $151,380 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 $3,000, for 2 bed $2500 and 1 bed $2000 a month. Some TLC on this property current rents can potentially go up about $252,000 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.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$416
Listed
39 days ago
Home Details for 1055 Grover Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 11 |
Appliances & Utilities Laundry: Community |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Fireplace: See RemarksHas a Fireplace |
Gas & Electric Electric: StandardNo Electric on Property |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Entry Location: Ground level |
Exterior Features |
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Exterior Home Features Roof: FlatNo Private Pool |
Parking & Garage Number of Garage Spaces: 13Number of Covered Spaces: 13Has a GarageParking Spaces: 13Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 39 |
Property Information |
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Year Built Year Built: 1962 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5623031015 |
Price & Status |
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Price List Price: $3,000,000Price Per Sqft: $416 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Glendale |
Agent Information |
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Listing Agent Listing ID: GD24047499 |
Building |
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Building Area Building Area: 7211 Square Feet |
Community |
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Community Features: CurbsNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 7741 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity, Gas |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: GD24047499Attribution Contact: MarkarianRealty@gmail.com |
Additional Information |
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Curbs |
Last check for updates: 1 day ago
Listing Provided by: Vartan Markarian DRE #01059771
Markarian Realty
Originating MLS: California Regional MLS
Source: CRMLS, MLS#GD24047499
Price History for 1055 Grover Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/14/2024 | $3,000,000 | PendingToActive | CRMLS #GD24047499 |
| 03/13/2024 | $3,000,000 | Contingent | CRMLS #GD24047499 |
| 03/08/2024 | $3,000,000 | Listed For Sale | CRMLS #GD24047499 |
| 03/08/2024 | $3,100,000 | ListingRemoved | CRMLS #GD24013603 |
| 01/24/2024 | $3,100,000 | Listed For Sale | CRMLS #GD24013603 |
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Comparable Sales for 1055 Grover Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | $3,065,000 | 12/06/23 | 16 | 8 | 7,793 | |
0.19 | Multi-Family Home | $1,475,000 | 01/19/24 | 6 | 6 | 4,713 | |
0.18 | Multi-Family Home | $1,200,000 | 03/29/24 | 6 | 3 | 2,716 | |
0.85 | Multi-Family Home | $1,675,000 | 12/14/23 | 10 | 6 | 4,662 | |
0.79 | Multi-Family Home | $4,750,000 | 05/01/23 | 16 | 16 | 8,494 | |
0.87 | Multi-Family Home | $3,000,000 | 06/23/23 | 10 | 8 | 5,722 | |
0.97 | Multi-Family Home | $1,750,000 | 10/24/23 | 11 | 6 | 4,138 | |
0.86 | Multi-Family Home | $2,100,000 | 07/21/23 | 9 | 5 | 4,000 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Grandview
- Trulia User
- Resident
- 2y ago
"It’s a great place to live especially if you have a family or are looking for a more low key living close to the city"
- Gabriela P.
- Resident
- 4y ago
"I love how clean this area is. Definitely not as busy compared to koreatown and super close to all the shops i may need."
- Eldrian
- Resident
- 4y ago
"It’s a great place to live and I defiantly Reccomend living here because I’ve been here my whole life and nothing bad has came from it"
- Jasmine J.
- Resident
- 4y ago
"Shorter walks, too many people walking in the streets. Have to pick after your dog. Dogs have to be on leashes. "
- Mkaiping
- Resident
- 5y ago
"I have lived here for 25 years. I have always felt very safe. The neighbors are friendly and keep an eye out for each other. "
- Lucas M.
- Resident
- 5y ago
"There are a lot of families, and it’s a community oriented neighborhood. It is a bit tightly packed; lots of apartment buildings in a relatively small span, but there are convenient grocery stores, 2 coffee shops, and places to eat—both fast food and sit-down restaurants."
- Trulia User
- Resident
- 5y ago
"You see people walking their dogs all the time in this neighborhood; it’s a great place to live. A Starbucks too!"
- An N.
- Resident
- 5y ago
"I love my neighborhood! It’s in the heart of Glendale and family oriented ... close to everything parks, markets, hospitals ! "
- Hoover
- 9y ago
"I love this area. It is so convenient. There are parks, restaurants and good schools. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Vartan Markarian, Markarian Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.