650 West Dryden Street

Glendale, CA 91202

$2,299,000
Price
9
Beds
6
Baths
4,986 Sq. Ft.
$461 / Sq. Ft.
4,986
Sq. Ft.
$461
per Sq. Ft.

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...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.
  1. Listed by Sevan Baroni • DRE #01804043 • Brokerage DRE #02030759 • NextHome Luxe Group • 818-441-1871

Property Details for 650 West Dryden Street

View
Mountain(s)
Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
LISTING UPDATED: 12/12/2024 06:31 AM

Property Details for 650 West Dryden Street

StatusActive
MLS #GD24207862
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1964
Lot Size0.15 AC / 6,454 SF
CountyLos Angeles County

Building Information for 650 West Dryden Street

Stories2Residences-Year Built1964Lot Size0.15 AC / 6,454 SF

Property Information for 650 West Dryden Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $118,200
  • Gross Scheduled Income: $118,200
  • Vacancy Allowance: 3546
  • Gross Operating Income: $114,654
  • Net Operating Income: $82,182
  • Other Income Description: Laundry income unaccounted for
  • Gross Multiplier: 19.45
  • Cap Rate: 3.57
Expense Details
  • Operating Expense: $32,472
  • New Taxes Expense: $28,737
  • Gardener Expense: $1,100
  • Fuel Expense: $2,587
  • Electric Expense: $2,588
  • Insurance Expense: $3,800
  • Maintenance Expense: $3,800
  • Professional Management Expense: $3,000
  • Trash Expense: $2,588
  • Water Sewer Expense: $2,587
  • Total Expenses: $50,787
Tax / Assessment Info
  • Tax Tract Number: 6042
  • Tax Census Tract: 3012.06
  • Tax Lot: 55
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Interior Features: Balcony, Storage
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Fireplace Features: Living Room
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Wall Furnace
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Flat, Mixed, Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block
  • Other Structures: Storage
  • Pool Features: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: North
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 650 West Dryden Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 650 West Dryden Street

Taxable ValueLand$491,580Additions$405,929Total$897,509
Tax Record2024$10,648 ($887 / month)
Home Facts
Total Finished SqFt4,986 SqFtAbove Grade Finished SqFt4,986 SqFtLot Size6,452 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningGLR4YYCountyLOS ANGELESAPN5635-008-022

Schools near 650 West Dryden Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Mark Keppel Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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650 West Dryden Street is a mixed use property for sale in Glendale, CA 91202. This property was listed for sale on October 8, 2024 by NextHome Luxe Group, it's currently listed at $2,299,000. This listing's school district is Glendale Unified School District. Nearby schools include Balboa Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 650 West Dryden Street is a 9-bed, 6-bath, 4,986 sqft mixed use property built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome Luxe Group, Sevan Baroni, DRE #01804043

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.