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 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. Don’t miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.
Property Details
Price:
$2,299,000
MLS #:
GD24207862
Status:
Active
Baths:
0
Address:
650 W Dryden Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
626glendalenorthwest
City:
Glendale
Listed Date:
Oct 7, 2024
State:
CA
ZIP:
91202
Lot Size:
6,454 sqft / 0.15 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Fireplace Features
Living Room
Heating
Central, Wall Furnace
Interior Features
Balcony, Storage
Window Features
Double Pane Windows
Exterior
Community Features
Sidewalks, Urban
Fencing
Block
Garage Spaces
5.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Built- In Storage
Parking Spots
5.00
Pool Features
None
Roof
Flat, Mixed, Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Mountain(s)
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Map
Community
- Address650 W Dryden Street Glendale CA
- Area626 – Glendale-Northwest
- CityGlendale
- CountyLos Angeles
- Zip Code91202
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Courtesy of NextHome Luxe Group. 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.
650 W Dryden Street
Glendale, CA
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