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    457 W Dryden Street

    Glendale, CA 91202
    • $4,150,000
    • STATUS: Pending
    • ON SITE: 62 days
    • ID#: SR20107402
    Pending
    UPDATED: 45 min ago
    $4,150,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,539
      SQFT
    • $0
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to exclusively offer for sale Dryden Townhome Apartments, a complete turn-key multifamily asset in prime north Glendale. Offered at the best CAP rate in Glendale & Burbank of 4.8% and low 14.8 GRM. 457 W Dryden St is a (9) unit apartment building with (1) commercial space with full bathroom. The property consists of nine two bedrooms and one half bath townhouse style units which have all been completely remodeled with great attention to designer finishes. The penthouse unit offers an expansive view of the Verdugo mountains. The asset is fortunate to incorporate an onsite GYM, usually seen in larger-scale offerings. Other on-site amenities include individual private patios, laundry facility, ample parking extremely convenient walk-ability. On the bottom floor, there is a commercial space fully equipped with its own bathroom including shower. Commercial space can be used for office or retail. In addition to inheriting a fully stabilized and performing asset cash flowing from day 1, the modernization and capital expenditures invested will ensure ease of management and low vacancy. Dryden is in the famed "Rosmoyne" neighborhood of Glendale, a prime location highly desired by renter and owners.

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    Based on information from CRISNet MLS as of 2020-08-07T19:56:49.97. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-08-07T19:56:49.97. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106585442
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    457 W Dryden Street Glendale, CA 91202

    • Price: $4,150,000
    • Status: Pending
    • Updated: 45 min ago
    • ID#: SR20107402
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    9,539
    SQFT
    $0
    $/SQFT
    1963
    Built
    Neighborhood:
    627 - Rossmoyne & Verdu Woodlands
    County:
    Los Angeles
    Area:
    627 - Rossmoyne & Verdu Woodlands
    Property Description
    We are pleased to exclusively offer for sale Dryden Townhome Apartments, a complete turn-key multifamily asset in prime north Glendale. Offered at the best CAP rate in Glendale & Burbank of 4.8% and low 14.8 GRM. 457 W Dryden St is a (9) unit apartment building with (1) commercial space with full bathroom. The property consists of nine two bedrooms and one half bath townhouse style units which have all been completely remodeled with great attention to designer finishes. The penthouse unit offers an expansive view of the Verdugo mountains. The asset is fortunate to incorporate an onsite GYM, usually seen in larger-scale offerings. Other on-site amenities include individual private patios, laundry facility, ample parking extremely convenient walk-ability. On the bottom floor, there is a commercial space fully equipped with its own bathroom including shower. Commercial space can be used for office or retail. In addition to inheriting a fully stabilized and performing asset cash flowing from day 1, the modernization and capital expenditures invested will ensure ease of management and low vacancy. Dryden is in the famed "Rosmoyne" neighborhood of Glendale, a prime location highly desired by renter and owners.
    Exterior Features

    Lot Features 6-10 Units/Acre Lot Size Area 7497.0000 Parking Features Assigned Parking Total 18.00 Parking YN Yes

    Interior Features

    Common Walls 1 Common Wall Laundry Features Common Area Laundry YN Yes Room Type Walk-In Closet

    Property Features

    Additional Parcels YN No Community Features FoothillsMountainousSidewalksStreet LightsSuburban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 279572.00 Gross Scheduled Income 279572.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 197860.00 New Construction YN No New Taxes Expense 46978.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 11 Operating Expense 76120.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 76120.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Glc3yy

    Listing provided courtesy of Levon Alexanian, CA DRE# 00911091, of Keller Williams World Media Center.


    Based on information from CRISNet MLS as of 2020-08-07T19:56:49.97. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-08-07T19:56:49.97. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355