$10,000 Closing Credit¹
#GD25019221, Arin Baroni, Listing Office: Windfall Realty Group Inc
1055 Grover Ave Glendale, CA 91201
$2,799,999 List price
0.2 acres
Condo
Property details
About 1055 Grover Ave
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. 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.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.1777 Acres
Year built1962
MLS #GD24186109
Garage13 spaces
FireplaceSee Remarks
Summary
- MLS Number: GD24186109
- MLS Name: CRMLS
- Office Name: Markarian Realty
- Office Email: MarkarianRealty@gmail.com
- Listing Agent: Vartan Markarian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,799,999
1055 Grover Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $319,304 | $4,576 |
| 2023 | $313,142 | $4,496 |
| 2022 | $307,101 | $4,427 |
| 2021 | $301,179 | $4,319 |
| 2020 | $293,144 | $4,184 |
| 2019 | $287,397 | $4,008 |
| 2018 | $281,763 | $3,913 |
| 2017 | $276,240 | $3,913 |
History based on county public records data.
Nearby schools
6
Thomas Jefferson Elementary School
Public District PK-6
0.2 mi
•1540 5th St
8
Benjamin Franklin Elementary School
Public District KG-6
0.7 mi
•1610 Lake St
7
Mark Keppel Elementary School
Public District KG-5
0.8 mi
•730 Glenwood Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,392. The majority of Glendale, CA residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
33%
<35k
45%
35k-100k
11%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
44%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
Nordstrom Rack
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
The Cheesecake Factory
Jack In The Box
Starbucks
What do the neighbors drive?
Volvo
Toyota
Audi
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1055 Grover Ave
This home is located at 1055 Grover Ave in Glendale, CA and zip code 91201 in the Grandview neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 9, 2024 and is currently priced at $2,799,999.
Glendale, CA housing market in January 2025 saw over 17 listings sold above listed price, more than 2 sold at listed price and over 12 sold below. In January 2025 in Glendale, CA there were 3.2% more homes for sale than in December. Listings spent 32 days on the market in January 2025, and had a median list price of $1,152,888 during the same period.
From Rocket Homes Real Estate and based on county public records data.