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650 W Dryden Street

Glendale, CA 91202

$2,299,000

List Price

N/A

bed Beds

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shower Baths

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straighten / sqft

1964

calendar_month Built

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 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.

Listing Information

List Price $2,299,000
Status Active
MLS GD24207862
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1964
Lot Size 6,454
Structure Size N/A
Courtesy Of NextHome Luxe Group
Listing Agent Sevan Baroni DRE#01804043

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features Living Room
Additional Information
Additional Features Balcony, Storage
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Other Structures
Structures Storage
View Yes

Maps

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Listing information courtesy of: Sevan Baroni, NextHome Luxe Group . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 11:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.