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 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.
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
Price:
$2,550,000
MLS #:
GD25174883
Status:
Pending
Baths:
0
Address:
1055 Grover Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
626glendalenorthwest
City:
Glendale
Listed Date:
Aug 4, 2025
State:
CA
ZIP:
91201
Lot Size:
7,741 sqft / 0.18 acres (approx)
Year Built:
1962
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Laundry Features
Community
Exterior
Community Features
Curbs
Parking Spots
13.00
Roof
Flat
Financial
Map
Community
- Address1055 Grover Avenue Glendale CA
- Area626 – Glendale-Northwest
- CityGlendale
- CountyLos Angeles
- Zip Code91201
Similar Listings Nearby
- 11026 Oxnard Street
North Hollywood, CA$3,300,000
4.95 miles away
- 336 E Dryden Street
Glendale, CA$3,300,000
2.03 miles away
- 5940 San Fernando Road
Glendale, CA$3,300,000
0.60 miles away
- 5709 Auckland Avenue
North Hollywood, CA$3,295,000
4.31 miles away
- 524 E Acacia Avenue
Glendale, CA$3,295,000
3.08 miles away
- 3407 Drew Street
Los Angeles, CA$3,200,000
4.03 miles away
- 720 Salem Street
Glendale, CA$3,200,000
1.54 miles away
- 1157 Justin Avenue
Glendale, CA$3,199,000
0.31 miles away
- 1001 E Acacia Avenue
Glendale, CA$3,195,000
3.29 miles away
- 11063 Cumpston Street
North Hollywood, CA$3,100,000
4.94 miles away

1055 Grover Avenue
Glendale, CA
LIGHTBOX-IMAGES