1700 Del Valle Avenue, Glendale, CA 91208
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- MLS#: 24462817 ( )
- Street Address: 1700 Del Valle Avenue
- Viewed: 8
- Price: $2,700,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1948
- Bldg sqft: 0
- Days On Market: 41
- Additional Information
- County: LOS ANGELES
- City: Glendale
- Zipcode: 91208
- Provided by: Marcus & Millichap
- Contact: Sevak Sevak
- DMCA Notice
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DescriptionWe are pleased to present the opportunity to acquire 1700 Del Valle Ave, an 8 unit multifamily property located in the desirable Verdugo Woodlands neighborhood of Glendale. Built in 1948, 1700 Del Valle is situated on a generous 12,676 square feet of land and zoned R1650. The property boasts 8,252 square feet of living space consisting of five 1 bed/1 bath, two 2 bed/1 bath, & one 3 bed/2 bath units. With the two 2 bedroom units currently vacant, an investor can immediately add value through renovations and achieve market rents while also benefiting from an additional 16% upside across the remaining units. With on site laundry and an implemented utility bill back program, the property is perfectly situated to maximize income for a potential investor. There are eight parking spaces that include three private garage spaces and a five vehicle carport, providing the potential for an investor to add ADUs. With its impeccable location just south of the vibrant Montrose Village Square & minutes away from Glendale Community College, the property continues to attract a strong renter pool due to its quiet residential feel and convenient location. Its proximity to the 2, 134, and 210 freeways provides residents with convenient access to surrounding neighborhoods of Burbank, Pasadena, Eagle Rock and Downtown Los Angeles.
Property Location and Similar Properties
Features
Appliances
- Disposal
Building Area Total
- 8252.00
Carport Spaces
- 5.00
Cooling
- Wall/Window Unit(s)
Country
- US
Garage Spaces
- 3.00
Heating
- Wall Furnace
Laundry Income
- 1200.00
Levels
- Multi/Split
Netoperatingincome
- 131980.00
Parcel Number
- 5653013009
Parking Features
- Detached Carport
Postalcodeplus4
- 2341
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Sourcesystemkey
- 24-462817:CLAW
Totalexpenses
- 72875.00
Year Built
- 1948
Zoning
- R1650