$ 2,299,000
650 W Dryden ST Glendale, CA 91202
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$ 2,299,000
Est. payment /mo
Active
650 W Dryden ST Glendale, CA 91202
6,454 Sqft Lot
UPDATED:
10/18/2024 05:24 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD24207862
Originating Board California Regional MLS
Year Built 1964
Lot Size 6,454 Sqft
Property Description
Welcome to 650 W. Dryden Street in Glendale-an exceptional investment opportunity! This five-unit multifamily property offers a perfect blend of comfort and convenience, generating an annual gross income of $118,200, with minimal expenses. Located above Glenoaks Boulevard in one of Glendale's most sought-after neighborhoods, it's just minutes from Toll Middle School, Hoover High School, and Pelanconi Park. This property features spacious units with an ideal unit mix, designed to appeal to a variety of tenants, making it a highly desirable rental option. The unit mix includes larger 1- and 2-bedroom units, along with a fantastic 1,500+ s/f 3-bedroom unit, perfect as a potential owner's unit. Tenants love the proximity to popular local spots like Moto Sushi, Starbucks, Paris Baguette, Mission Wine and Spirits, and Big Square Market, ensuring high demand year-round. The property has been well-maintained with a roof replaced 7 years ago, copper plumbing, and separate gas and electricity meters, keeping costs low for the owner. It also offers five parking spaces, a large common area laundry, and a spacious storage room for added income potential. With all tenants on month-to-month leases, the future owner has the opportunity to increase rents by up to 7% in Glendale by transitioning t
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Interior
Heating Wall Furnace , Central Forced Air
Cooling Central AC, Window / Wall Unit
Laundry Laundry Area, Community Facility
Exterior
Garage Storage - RV, Assigned Spaces
Garage Spaces 5.0
Pool 31, None
View Hills
Roof Type Flat / Low Pitch,Shingle
Building
Water District - Public
Others
Tax ID 5635008022
Special Listing Condition Not Applicable
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Listed by Sevan Baroni • NextHome Luxe Group