650 W Dryden Street Active

Glendale,CA 91202

$ 2299000

- Bed

- Bath

4986 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,986 sqft

Price per Sqft $461

MLS Listing ID CRGD24207862

HOA Y/N No

Originating Board Datashare California Regional

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 transit

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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