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Listed by Sevan Baroni • NextHome Luxe Group
$ 1,999,999
Est. payment /mo
Active
650 W Dryden Street Glendale, CA 91202
4,986 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,986 sqft
Price per Sqft $401
MLS Listing ID CRGD24207862
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 6,454 Sqft
Property Sub-Type Other
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. 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 transitio
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Community Facility, Other
Exterior
View Mountain(s)
Building
Water Public
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