650 W Dryden Street,Glendale, CA 91202
Glendale, CA 91202
Description
Welcome to 650 W. Dryden Street in Glendalean 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. The extra large 350 SF laundry room can potentially be converted to an ADU, as there’s another small storage room on-site to move the laundry into with some easy changes. 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 three tenants on month-to-month leases, the future owner has the opportunity to increase rents by up to 7% in Glendale by transitioning them into new 12-month agreements. Located in a prime area with nearby schools, parks, and walkable amenities, 650 W. Dryden Street is a prime investment opportunity for those looking to maximize returns and ensure long-term growth. 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. Don’t miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.
Details
| MLS# | GD24207862 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 203 |
| Listing Provided By | NextHome Luxe Group 818-650-2530 | Sevan Baroni |
Features
| SQ Feet | 4,986 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | GLR4YY |
| Acreage | 0.15 |
| Property View | Yes |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendale |
| Zip Code | 91202 |
| Area | 626 Glendale Northwest |
| Listing VS Median (in 91202) | |
Price: $1,999,999 low | high Med: $1,850,000 SqFt: 4,986 low | high Med: 1,587 $ / SqFt: $401 low | high Med: $1,166 On site: 203 low | high Med: 168.000000 | |