508 Hill Drive

Glendale, CA 91206

$2,900,000
Price
1
Beds
10
Baths
5,796 Sq. Ft.
$500 / Sq. Ft.
5,796
Sq. Ft.
$500
per Sq. Ft.

Description

Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time...Rare opportunity in Glendale. Hill Drive is part of a 22 unit portfolio sale along side a 12 unit apartment building located at 824 E. Windsor Road in Glendale. An astute investor will have the opportunity to purchase 2 pride of ownership buildings in excellent locations. Hill Drive is an all one bedroom building with massive upside in rents. Windsor Road is a mix of one and two bedrooms with the majority being two bedrooms with upside in rents as well. Both will be on the market for the first time and offer assumable financing with Chase bank both in the 3 percent rate range offering buyers better cashflow. With ADU potential on Windsor Road, both buildings will be a perfect addition to any investors portfolio or a first time buyer.
  1. Listed by Liza Valayati • DRE #02113813 • Brokerage DRE #02131189 • Valiant Multi-Family Group • 714-357-4148

Property Details for 508 Hill Drive

Parking Spaces Total
0
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5796
Assessor Parcel Number
5665-021-008
Property Attached YN
true

Location

Listing Courtesy of Valiant Multi-Family Group, Liza Valayati, DRE #02113813
Add your commute
LISTING UPDATED: 04/08/2024 02:09 PM

Property Details for 508 Hill Drive

StatusPending
MLS #OC24060191
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Location

Listing Courtesy of Valiant Multi-Family Group, Liza Valayati, DRE #02113813
Add your commute

Building Information for 508 Hill Drive

Building/Complex508 Hill DrFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Payment Calculator

$16,518 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$692

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 Hill Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $119,591
  • Gross Scheduled Income: $196,389
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $119,591
Expense Details
  • Operating Expense: $70,948
  • Fuel Expense: $3,730
  • Electric Expense: $1,024
  • Insurance Expense: $10,027
  • Professional Management Expense: $0
  • Trash Expense: $5,940
  • Water Sewer Expense: $4,202
  • Total Expenses: $70,948
Tax / Assessment Info
  • Tax Tract Number: 8172
  • Tax Census Tract: 3010.00
  • CFD/Mello-Roos Fee: $973
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Other
  • Sewer: Unknown
  • Water Source: Other
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,625
  • Unit Type Total Rent: $16,250
  • Unit Type Pro Forma: 19750
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 508 Hill Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 Hill Drive

Taxable ValueLand$376,701Additions$301,360Total$678,061
Tax Record2023$8,307 ($692 / month)
Home Facts
Total Finished SqFt5,796 SqFtAbove Grade Finished SqFt5,796 SqFtLot Size7,775 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningGLR4*CountyLOS ANGELESAPN5665-021-008

Schools near 508 Hill Drive

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Glenoaks Elementary School
PublicK to 6

Woodrow Wilson Middle School
Public6 to 8

Glendale High School
Public9 to 12

Verdugo Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Valiant Multi-Family Group, Liza Valayati, DRE #02113813

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.