650 W Dryden Street

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 $120,600, with minimal expenses. Located above Glenoaks Boulevard in one of Glendales most sought-after neighborhoods, its 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 owners unit. The extra large 350 SF laundry room can potentially be converted to an ADU, as theres 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. Dont miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.