1055 Grover Avenue, Glendale, CA 91201

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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1055 Grover Avenue,Glendale, CA 91201
$2,550,000
  • 6 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:vartan markarian
Office:markarian realty
MLS#:GD25174883
Source:SANDICOR

Price summary

  • Price:$2,550,000

About this home

Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Lowest price per unit in Glendale $255k/unit. 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

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Home facts

  • Listing Id #:GD25174883
  • Added:10 day(s) ago
  • Updated:August 15, 2025 at 04:27 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$2,550,000
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