650 W Dryden Street, Glendale, CA 91202 (MLS # GD24207862)

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PRICE $2,299,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 4,986 sqft
LOT SIZE 6,456 sqft

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.

DAYS ON MARKET 28 LAST UPDATED 10/8/2024
YEAR BUILT 1964 COMMUNITY Glendale-Northwest
GARAGE SPACES 5.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air, Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA Glendale-Northwest
FIREPLACE Yes
GARAGE Assigned, Storage, Yes
HEAT Central, Wall Furnace
HOA DUES 0
INTERIOR Balcony, Storage
LOT 6454 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
PARKING Assigned,Storage
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
UTILITIES Electricity Connected,Natural Gas Connected,Water Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public
ZONING GLR4YY
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with NextHome Luxe Group

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/5/24 2:40 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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