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

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    1700 Del Valle Avenue, Glendale, CA 91208
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    1700 Del Valle Avenue
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We 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.
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    Features
    Appliances
    1. Disposal
    Building Area Total
    1. 8252.00
    Carport Spaces
    1. 5.00
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Garage Spaces
    1. 3.00
    Heating
    1. Wall Furnace
    Laundry Income
    1. 1200.00
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 131980.00
    Parcel Number
    1. 5653013009
    Parking Features
    1. Detached Carport
    Postalcodeplus4
    1. 2341
    Security Features
    1. Carbon Monoxide Detector(s)
    2. Smoke Detector(s)
    Sourcesystemkey
    1. 24-462817:CLAW
    Totalexpenses
    1. 72875.00
    Year Built
    1. 1948
    Zoning
    1. R1650
    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