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.
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)
Other
Directions Information:
Directions: Glenoaks
Price Information
Listing Price Info
Price Summary:
List Price: $2,799,999
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 $1.6M 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: #GD24186109
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: 12/18/2024, 5:15:57 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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Thomas Jefferson Elementary School
1540 5th St
Distance between this listing and this school0.22 miles
Public District Grades PK-6
8
/10
Benjamin Franklin Elementary School
1610 Lake St
Distance between this listing and this school0.69 miles
Public District Grades KG-6
7
/10
Mark Keppel Elementary School
730 Glenwood Rd
Distance between this listing and this school0.78 miles
Public District Grades KG-5
Nearby Schools
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school0.86 miles
Public District Grades 6-8
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.78 miles
Public District Grades 6-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school2.43 miles
Public District Grades 6-8
Nearby Schools
8
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school0.91 miles
Public District Grades 9-12
9
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school2.10 miles
Public District Grades 9-12
2
/10
Daily (Allan F.) High (Continuation)
220 N Kenwood St
Distance between this listing and this school2.34 miles
The neighbors living near this home have an average income of $56,392. Typical income of Glendale, CA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area 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 $2,799,999.
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 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 September 09, 2024 and is currently priced at $2,799,999.
In November 2024, from all listings sold in Glendale, CA there were more than 31 sold above asking price, over 27 sold below and more than 10 were sold right at the asked price. The inventory of homes for sale in Glendale, CA between October 2024 and November 2024 decreased by 9.8%. While the average time on the market in November 2024 was 29 days, the median list price 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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