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.

• Property Type

  Residential Income

• County

  Los Angeles

• Style

  Residential Income

• AD ID

  47134446