CA > Glendale
Glendale, CA 91202,650 West Dryden Street
Glendale, CA 91202,650 West Dryden Street
Glendale, CA 91202,650 West Dryden Street
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Listed by Sevan Baroni • NextHome Luxe Group
$1,949,000
Est. payment /mo
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4,986 SqFt
Pending

650 West Dryden Street Glendale, CA 91202

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Teresa Caldwell

Teresa Caldwell

+1(805) 444-2378

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Pending

Purchase Type For Sale

Square Footage 4,986 sqft

Price per Sqft $390

MLS Listing ID GD-24207862

Year Built 1964

Lot Size 6,454 Sqft

Property Sub-Type Commercial/Residential

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. The extra large 350 SF laundry room can potentially be converted to an ADU, as there's another small storage room on-site to move the laundry into with some easy changes. 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 three 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. 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. 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

Interior

Interior Features Balcony, Storage

Heating Wall Furnace, Central

Cooling Central Air, Wall/Window Unit(s)

Fireplaces Type Living Room

Laundry Common Area, Community

Exterior

Parking Features Assigned, Built-In Storage

Garage Spaces 5.0

Pool None

Community Features Sidewalks, Urban

Utilities Available Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Mountain(s)

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Teresa Caldwell

Agent | License ID: 01394702

+1(805) 444-2378

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650 West Dryden Street