650 W Dryden ST, Glendale, CA 91202 – GD24207862 - Momi Gonzales

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD24207862

Year Built 1964

Lot Size 6,455 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 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.

Location

State CA

County Los Angeles

Area 626 - Glendale-Northwest

Zoning GLR4YY

Rooms

Other Rooms Storage

Interior

Heating Central,Wall Furnace

Cooling Central Air,Wall/Window Unit(s)

Fireplaces Type Living Room

Laundry Common Area

Exterior

Garage Assigned,Storage

Garage Spaces 5.0

Garage Description 5.0

Fence Block

Pool None

Community Features Sidewalks,Urban

Utilities Available Electricity Connected,Natural Gas Connected,Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Flat,Mixed,Shingle

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to New Loan,1031 Exchange

Listing Terms Cash,Cash to New Loan,1031 Exchange

Special Listing Condition Standard