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650 West Dryden Street, Glendale, CA 91202

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For Sale

$2,299,000

9 beds • 8 baths • 4,986 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $461.09
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. Donâ t miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.
MLS# GD24207862

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(818) 650-2530

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 650 West Dryden Street, Glendale, CA 91202

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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