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.
Property Details
Property Features
Property Information:
Year Built: 1962
Stories: 2
Listing Office:
Office Name: Markarian Realty
Office Email: MarkarianRealty@gmail.com
Listing Agent: Vartan Markarian
Interior Features
Interior Information:
Fireplace: See Remarks
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 13 spaces
Lot Features
Lot Information:
Lot Size: 0.18 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Herbert Hoover High School, Public District Grades 9-12
Eleanor J. Toll Middle School, Public District Grades 6-8
Thomas Jefferson Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Glenoaks
Price Information
Listing Price Info
Price Summary:
List Price: $3,000,000
Tax Information:
Annual Amount: $4,320
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $1.8M more than the Median Sold Price in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24047499
Listing Office:
Office Name: Markarian Realty
Office Email: MarkarianRealty@gmail.com
Listing Agent: Vartan Markarian
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/14/2024, 10:20:41 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,320
$301,179
2020
$4,184
$293,144
2019
$4,008
$287,397
2018
$3,913
$281,763
2017
$3,913
$276,240
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Thomas Jefferson Elementary School
1540 5th St
Distance between this listing and this school0.22 miles
Public District Grades KG-6
Middle School
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school0.89 miles
Public District Grades 6-8
High School
8
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school0.84 miles
Public District Grades 9-12
Assigned Schools
6
/10
Thomas Jefferson Elementary School
1540 5th St
Distance between this listing and this school0.22 miles
Public District Grades KG-6
Nearby Schools
8
/10
Benjamin Franklin Elementary School
1610 Lake St
Distance between this listing and this school0.69 miles
Public Magnet Grades KG-6
7
/10
Mark Keppel Elementary School
730 Glenwood Rd
Distance between this listing and this school0.80 miles
Public Magnet Grades KG-5
Assigned Schools
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school0.89 miles
Public District Grades 6-8
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.79 miles
Public District Grades 6-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
Assigned Schools
8
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school0.84 miles
Public District Grades 9-12
Nearby Schools
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school2.19 miles
Public District Grades 9-12
2
/10
Daily (Allan F.) High (Continuation)
220 N Kenwood St
Distance between this listing and this school2.33 miles
The neighbors living near this home have an average income of $56,392. The majority of Glendale, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1055 Grover Ave
What is the listing price of this property?
The listing price of 1055 Grover Ave property is $3,000,000.
What type of property is this?
The property 1055 Grover Ave is a condo located in Glendale, California, 91201.
Is this property for sale now?
Active Listing: 1055 Grover Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1055 Grover Ave are: Thomas Jefferson Elementary School: GreatSchools Rating 6/10Eleanor J. Toll Middle School: GreatSchools Rating 6/10Herbert Hoover High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,320 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1055 Grover Ave is 1962.
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This home is located at 1055 Grover Ave in Glendale, CA and zip code 91201 in the Grandview neighborhood. This home, which was built in 1962, sits on a 0.18 acre lot. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $3,000,000.
Glendale, CA housing market in April 2024 saw over 39 listings sold above listed price, more than 13 sold at listed price and over 18 sold below. The inventory of homes for sale in Glendale, CA between March 2024 and April 2024 increased by 14.2%. In April 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $1,150,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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