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559 Glenwood Rd, Glendale, CA, 91202

$2,400,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
7 Baths
6,642 SqFt
$361/SqFt
House
Schools Nearby

Location

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559 Glenwood Rd, Glendale$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGarage
Year Built1952
HeatingWall Furnace
MLS #24374047
Lot Size0.24 Acres
StatusActive

About 559 Glenwood Rd

559 Glenwood Rd is a seven-unit multifamily property stands out as a rare find in a sought-after residential area, promising both stability and growth potential for investors.Located on the strategic corner of Clement Dr & Glenwood Rd, the property benefits from its proximity to key educational institutions and is nestled in an affluent neighborhood that boasts a high average household income. Its accessibility to Downtown Glendale, major shopping centers like the Glendale Galleria, and essential freeways positions it as an ideal residential choice for a wide range of tenants.The building is currently fully occupied, featuring a mix of one single and six two-bedroom units with six parking garages, each with dedicated parking. Recent rent adjustments have been implemented, affirming the property's strong income generation capability. Despite its well-maintained status, highlighted by quality interior finishes such as hardwood flooring and recessed lighting, the property offers significant upside potential. With most units rented below market rates, strategic upgrades and unit turnovers could lead to an increase in rental income by over 45%.Offered at a competitive price per unit and per square foot, this investment presents a rare opportunity to enter or expand in the Glendale market. The combination of its location, full occupancy, and untapped value-add potential, set against a backdrop of limited market inventory, makes it a compelling choice for those looking to invest in a thriving residential rental market.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 2
  • Living Area: 6,642 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 13

Exterior Features

Parking Information:

  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • Herbert Hoover High School, Public District Grades 9-12
  • Eleanor J. Toll Middle School, Public District Grades 6-8
  • Mark Keppel Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Located on the corner of Clement Dr & Glenwood Rd just west of N Pacific Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $361/SqFt

Tax Information:

  • Annual Amount: $9,426
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Glendale, CA.

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Glendale, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$706

Avg. Days On Market

31

# of Sold Homes

49

559 Glenwood Rd vs Glendale

31 DAYS ON ROCKET

-0 Day

$2,400,000

+$1.2M More

$361/SqFt

-$345 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $345/SqFt less than other homes in Glendale, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24374047

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

IDX 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: 4/28/2024, 9:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,426$769,148
2020$9,092$760,986
2019$8,814$746,066
2018$8,644$731,438
2017$8,644$717,097

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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

school-card-donut-2633980
8
/10

  • Mark Keppel Elementary School

  • 730 Glenwood Rd

  • 0.25 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2633981
6
/10

  • Eleanor J. Toll Middle School

  • 700 Glenwood Rd

  • 0.16 miles

  • Public District Grades 6-8

High School

school-card-donut-2633982
6
/10

  • Herbert Hoover High School

  • 651 Glenwood Rd

  • 0.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,474. The majority of Glendale, CA residents have income between $35k-100k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 559 Glenwood Rd

What is the listing price of this property?

The listing price of 559 Glenwood Rd property is $2,400,000.

What type of property is this?

The property 559 Glenwood Rd is a house located in Glendale, California, 91202.

Is this property for sale now?

Active Listing: 559 Glenwood Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 559 Glenwood Rd are:
Mark Keppel Elementary School: GreatSchools Rating 8/10
Eleanor J. Toll Middle School: GreatSchools Rating 6/10
Herbert Hoover High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,426 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 559 Glenwood Rd has 13 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 559 Glenwood Rd is 6,642 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 559 Glenwood Rd is 1952.

Rocket Homes›California›Los Angeles County›Glendale›91202›559 Glenwood Rd

This home is located at 559 Glenwood Rd in Glendale, CA and zip code 91202 in the Glenwood neighborhood. This 6,642 square foot home, which was built in 1952, sits on a 0.24 acre lot. Features: 13 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $2,400,000.

In March 2024, from all listings sold in Glendale, CA there were more than 30 sold above asking price, over 16 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Glendale, CA between February 2024 and March 2024 increased by 11.4%. While the average time on the market in March 2024 was 31 days, the median list price was $1,150,000.

From Rocket Homes Real Estate and based on county public records data.

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