$2,700,000
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1700 Del Valle Avenue Glendale, CA 91208
Cluster
Residence
12
Beds
9
Baths
8,252
Sq. Ft.
0.29
Acre
Lot
Property Activity
Time on Site
days
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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 s...quare 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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MLS#
24462817
Property Type
Cluster
Status
Active Under Contract
Bedrooms
12
Bathrooms
Year Built
1948
Square Feet
8,252
sq. ft
Lot Size
0.29
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