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. 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. 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 all 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. Don’t miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.
Hidden gem right in front of your eyes! Check out this charming duplex with character period details and tremendous upside potential. Located in premium Glendale location, close to Fremont Park. Each unit is 1 bedroom and 1 bathroom and offers both front and backyards, long driveway with detached 2-car garage at rear (laundry hook-ups in garage). Rear unit has an additional room added previously (uncertain if permitted), currently used as a 2nd bedroom. Property is definitely in need of heavy deferred maintenance and upgrades, however the results could be incredible for owner-user and tenants. Property is sold as-is, no repairs or improvements. Please do not go onto property or disturb tenants.
If you are a real estate investor, then you know that the process of obtaining a tenant is time-consuming and expensive. Fortunately, this investment condo comes with a long-term tenant in place. This charming one-bedroom, one-bathroom condominium on the top floor of a well-maintained building is located in a very popular Glendale neighborhood. North Central Avenue is a vibrant and bustling area close to shopping, churches and transportation. This particular building is highly sought after. There is elevator access from the secured front lobby area and from the rear to the parking garage. It's inviting center courtyard is a pleasure to see. There is a convenient community laundry room. The one-car parking space assigned to this unit is well placed in the subterranean garage.
If you are a real estate investor, then you know that the process of obtaining a tenant is time-consuming and expensive. Fortunately, this investment condo comes with a long-term tenant in place. This charming one-bedroom, one-bathroom condominium on the top floor of a well-maintained building is located in a very popular Glendale neighborhood. North Central Avenue is a vibrant and bustling area close to shopping, churches and transportation. This particular building is highly sought after. There is elevator access from the secured front lobby area and from the rear to the parking garage. It's inviting center courtyard is a pleasure to see. There is a convenient community laundry room. The one-car parking space assigned to this unit is well placed in the subterranean garage.
The median home value in Glendale, CA is $1,046,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Glendale, CA is $1,046,500. Approximately 31.47% of Glendale homes are owned, compared to 61.59% rented, while 6.95% are vacant. Glendale real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Glendale real estate agent to arrange a tour today!
Glendale, California 91202 has a population of 196,512. Glendale 91202 is less family-centric than the surrounding county with 28.38% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Glendale, California 91202 is $74,488. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Glendale 91202 is 41.2 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 45.8 degrees. The average rainfall is approximately 18.7 inches per year, with 0 inches of snow per year.