8
See all 8 photos
$2,700,000
Est. payment /mo
12 BD
9 BA
8,252 SqFt
Active Under Contract
1700 Del Valle AVE Glendale, CA 91208
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UPDATED:
12/07/2024 10:30 AM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,252 sqft
Price per Sqft $327
MLS Listing ID 24462817
Bedrooms 12
HOA Y/N No
Year Built 1948
Lot Size 0.291 Acres
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 Rock and Downtown Los Angeles.
Location
State CA
County Los Angeles
Area 627 - Rossmoyne & Verdu Woodlands
Zoning R1650
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Disposal
Exterior
Parking Features Detached Carport
Garage Spaces 3.0
Carport Spaces 5
Garage Description 3.0
Attached Garage No
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5653013009
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Listed by Sevak Keshishian • Marcus & Millichap