Tudor-Style Duplex With
For Sale
$1,375,000
1617 N Verdugo Road, Glendale, CA 91208
Two-story duplex with two private 2-car garages, in-unit laundry, central heating and air, and two parking spaces per unit plus extra parking.
Property Size2,606 SF
Days on Market85
Property Features for 1617 N Verdugo Road
General Information
Standard status
Active
Size
2,606 SF
Property subtype
Duplex
Building Details
Building Size
2,606 SF
Year Built
1940
Listing Agency:
BHHS California Properties (626) 688-2477 Overview Additional information MLS R ID P1-27724 Interior features Total Bathrooms 0 Cooling Yes Heating Yes Exterior features Lot Size 0.11 Acres Other property details Garage Yes 55+/Senior Community No Hopeway Realty Group | CA DRE# 02065724 Request a tour Contact agent Request a tour Contact agent Listed by Carol A Kurachi CA DRE# 01211059 with BHHS California Properties (626) 688-2477
Listed By:
Carol A Kurachi CA DRE# 01211059 · License #01211059
(626) 688-2477
Source:
Hopewayrealtygroup
Added: Jun 23
Changed: Sep 8
Last Checked: Sep 14 at 8:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS California Properties (626) 688-2477 Overview Additional information MLS R ID P1-27724 Interior features Total Bathrooms 0 Cooling Yes Heating Yes Exterior features Lot Size 0.11 Acres Other property details Garage Yes 55+/Senior Community No Hopeway Realty Group | CA DRE# 02065724 Request a tour Contact agent Request a tour Contact agent Listed by Carol A Kurachi CA DRE# 01211059 with BHHS California Properties (626) 688-2477
Investment Insights
Based on property information with market context.
A charming Tudor/English cottage-style duplex presents two spacious, well-kept two-story units. The exterior features steep gabled rooflines, decorative half-timber detailing, dormer windows, and a stucco exterior. Each unit offers 2 large bedrooms, 1 full bathroom, and 1 half bathroom, along with hardwood floors, central air and heat, interior wrought-iron handrails, and excellent storage.
Inside each unit, tenants have private laundry and kitchen appliances including a dishwasher, and washer/dryer. A major convenience is the private 2-car garage for each unit, with stairs that lead directly into the unit, plus approximately 200 square feet of additional storage inside each garage.
Ample parking supports day-to-day use, with approximately 3 additional parking spaces per unit in addition to the private garages. The total building size is approximately 2,606 square feet, and the property is being sold with two tenants in place. Located one block from Glendale Community College, the duplex also offers proximity to shopping, restaurants, transportation, and easy freeway access; buyers are advised to verify zoning, square footage, and any rent control requirements.
Inside each unit, tenants have private laundry and kitchen appliances including a dishwasher, and washer/dryer. A major convenience is the private 2-car garage for each unit, with stairs that lead directly into the unit, plus approximately 200 square feet of additional storage inside each garage.
Ample parking supports day-to-day use, with approximately 3 additional parking spaces per unit in addition to the private garages. The total building size is approximately 2,606 square feet, and the property is being sold with two tenants in place. Located one block from Glendale Community College, the duplex also offers proximity to shopping, restaurants, transportation, and easy freeway access; buyers are advised to verify zoning, square footage, and any rent control requirements.
Key Highlights
- 1940‑built two‑story duplex in Glendale with Tudor/English cottage‑style character and stucco exterior
- Two spacious units: each has 2 bedrooms, 1 full bath and 1 half bath
- Each unit includes central heat and air, hardwood floors, in‑unit washer/dryer, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,484
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,129,680
$1.1M
Cap Rate 7%
$806,914
$806.9K
Cap Rate 9%
$627,600
$627.6K
Market Conditions
NOI Build-Up for 2,606 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.0K $33.00/SF
− Vacancy
−$5.3K −$2.04/SF
EGI
$80.7K $30.96/SF
− OpEx
−$24.2K −$9.29/SF
NOI
$56.5K $21.67/SF
Area
Glendale, CA
Vacancy
6.17%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,129,680
Cap Rate 7%
$806,914
Cap Rate 9%
$627,600
Alternative Uses
Best Use
Multifamily LT 5
$806.9K
$706.1K – $941.4K
NOI $56,484 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$700.7K
$613.1K – $817.5K
NOI $49,049 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,712 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 91208, CA
16,776
Population
6,450
Households
2.6
Avg Household Size
45
Median Age
62%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,267
Density / Sq Mi
$131,229
Median Household Income
$63,676
Median Earnings
$2,361
Median Rent
$1,276,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with two private 2-car garages, in-unit laundry, central heating and air, and two parking spaces per unit plus extra parking.
Where is this duplex located?
The property is located at 1617 N Verdugo Road Glendale, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 1940‑built two‑story duplex in Glendale with Tudor/English cottage‑style character and stucco exterior; Two spacious units: each has 2 bedrooms, 1 full bath and 1 half bath; Each unit includes central heat and air, hardwood floors, in‑unit washer/dryer, and dishwasher
