$2,700,000
1700 Del Valle Avenue Glendale, CA 91208
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$2,700,000
Est. payment /mo
8,252 SqFt
New
1700 Del Valle Avenue Glendale, CA 91208
UPDATED:
11/13/2024 04:32 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,252 sqft
Price per Sqft $327
MLS Listing ID CL24462817
HOA Y/N No
Year Built 1948
Lot Size 0.291 Acres
Acres 0.29
Property Description
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 square 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
Location
State CA
County Los Angeles
Area Listing
Zoning R165
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Type Other
Building
New Construction No
Others
Tax ID 5653013009
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Listed by Sevak Keshishian • Marcus & Millichap
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