We are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8-unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2-bedroom units currently vacant, an investor can immediately add value through renovations and achieve market rents while also benefiting from an additional 16% upside across the remaining units. With on-site laundry and an implemented utility bill-back program, the property is perfectly situated to maximize income for a potential investor. There are eight parking spaces that include three private garage spaces and a five-vehicle carport, providing the potential for an investor to add ADUs. With its impeccable location just south of the vibrant Montrose Village Square & minutes away from Glendale Community College, the property continues to attract a strong renter pool due to its quiet residential feel and convenient location. Its proximity to the 2, 134, and 210 freeways provides residents with convenient access to surrounding neighborhoods of Burbank, Pasadena, Eagle Rock and Downtown Los Angeles.
Property Details
Price:
$2,700,000
MLS #:
24462817
Status:
Active
Baths:
0
Address:
1700 Del Valle Avenue
Type:
Residential Income
Neighborhood:
627rossmoyneverduwoodlands
City:
Glendale
Listed Date:
Nov 12, 2024
State:
CA
ZIP:
91208
Lot Size:
12,676 sqft / 0.29 acres (approx)
Year Built:
1948
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Disposal
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Garage Spaces
3.00
Parking Features
Detached Carport
Parking Spots
8.00
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Stories Total
3
Financial
Map
Community
- Address1700 Del Valle Avenue Glendale CA
- Area627 – Rossmoyne & Verdu Woodlands
- CityGlendale
- CountyLos Angeles
- Zip Code91208
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1700 Del Valle Avenue
Glendale, CA
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