243 N Verdugo Road
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Listed by Markarian Realty | $925,000 | |
| Listed by Markarian Realty | |||
| Jul 24, 2025 | Listed | $899,999 | |
| Listed | |||
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Location, Location, Location! Updated corner home is commercially zoned with 2 bedrooms, 1 bath, and a private backyard. Nestled in the heart of Glendale's highly desirable 91206 neighborhood, this prime, . The inviting living area features elegant laminate floors. The formal dining room is amazing with granite countertops and recessed lighting accents the beautiful kitchen. The backyard is spacious and private. It’s the perfect place to entertain guests and create unforgettable memories or unwind in your own secluded outdoor space. This home is full of bright light and includes a potential garage and/or backyard ADU development opportunity, with the potential to buy 1 or 2 contiguous properties next door, currently listed for sale, with the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. This treasured home reflects true pride of ownership. Homes in this area sell very quickly, are priced right, and will not last long in this hot market!
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| Jul 1, 2025 | Listed | $2,639,000 | |
| Listed | |||
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241 N Verdugo, 243 N Verdugo and 1322 E California
Don't miss out on this great owner user or investment/development opportunity! This is an investor’s and developer’s dream! A Rare Development Opportunity in an Extremely Prime Glendale Location! Unlock the Full Potential of these exceptional 3 Properties with Endless Development Possibilities. There is Potential to keep all 3 properties and possibly add up to 6 ADU’s. This offering is ideal for Mixed Use, Multi-Unit Development or a High-Yield Investment building on an approximately 14,526 square foot lot with approximately 3,500 square feet of commercial and the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. Build New Wealth! Rare properties like these in this area sell very quickly, are priced right, and will not last long in this hot market!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017