Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    650 Dryden Street, Glendale, CA 91202
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    650 Dryden Street
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    • MLS#: GD24207862 ( Multi-Family )
    • Street Address: 650 Dryden Street
    • Viewed: 20
    • Price: $2,200,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1964
    • Bldg sqft: 0
    • Days On Market: 153
    • Additional Information
    • County: LOS ANGELES
    • City: Glendale
    • Zipcode: 91202
    • Provided by: NextHome Luxe Group
    • Contact: Sevan Sevan
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Welcome to 650 W. Dryden Street in Glendalean exceptional investment opportunity! This five unit multifamily property offers a perfect blend of comfort and convenience, generating an annual gross income of $120,600, with minimal expenses. Located above Glenoaks Boulevard in one of Glendales most sought after neighborhoods, its 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 owners unit. The extra large 350 SF laundry room can potentially be converted to an ADU, as theres 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. Dont miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.
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    Features
    Property Type
    1. Multi-Family
    Views
    1. 20
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836