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221 West Dryden Street, Glendale, CA 91202

$3,895,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
221 West Dryden Street, Glendale, CA 91202 View this property at 221 West Dryden Street, Glendale, CA 91202
221 West Dryden Street Glendale CA 91202

Property Description

12 apartment units on 2 of 3 adjacent R-1250* zoned lots, the 3rd lot being vacant valued $1,000,000, with alley access, totaling 24,722* SF in prime North Central (above Glenoaks Blvd.) none rent control city. With 150* ft. frontage current city ordinance allows 1 dwelling unit per 1,000* SF of land providing the possibility of developing 24* Condos/Apartments units on the 3 lots. Opportunities are; (i) hold the 12 x 2 bdrms 1 bath units (8 x TH style & 4 x one level with individual Water Heaters & W/D Hookups) and sell or develop 6 uts on the vacant lot, or (ii) enjoy the existing income to later develop 24* units on all 3 lots. The 5 buildings existing 12 units being 10,672* SF (built in 1927*) are on 16,496* SF double lots are
at 221-223 W. Dryden St. and the 3rd vacant parcels of 8,266* SF at 227 W. Dryden St. The current monthly rents range from $1,100 to $1,445 per unit, all on month-to-month bases, are significantly low. The location is affluent rental part of the city, market monthly rent for similar units in the area range between $1,650 to $1,750. See I/E details on the attached OM. MUST NOT ENTER PROPERTY OR CONTACT TENANTS, DRIVE BY ONLY PLEASE. *obtained from Los Angeles County Recorder records, city of Glendale.

Full Property Details for 221 West Dryden Street

  • Price: $3,895,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 316010830
  • Updated: 12/2/2016
  • Added: 8 day(s) ago

Property History

  • 221 West Dryden Street, Glendale, CA
  • Listed at $3,895,000 on 11/28/16

Interior

  • Cooking Appliances: Range
  • Flooring: Carpet, Hardwood, Laminated, Linoleum, Other

Exterior

  • Exterior Features: Frame, Stucco

Location

  • Area: Glendale-Northwest (626)
  • County: Los Angeles
  • Development Name: Glendale-Northwest (626)
  • Cross Streets: N. Central Ave.
  • Driving Directions: Turn North on FRWY-134 Central Ave. ramp, pass Glenoaks Blvd., turn left on West Dryden St.

Community

  • Mgmt. Company: Trumark

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning
  • Heating Type: Wall Heater

Utilities

  • Sewer: In, Connected & Paid
  • Water District: City of Glendale
  • Water: Water District
  • # Water Meters: 1
  • # Gas Meters: 12
  • # Electric Meters: 12

Structural Information

  • # Buildings: 3
  • Roof: Asphalt Shingles
  • Common Walls: Attached
  • Stories/Levels: Two Level
  • Stories Description: Two Level
  • Square Feet: 10,672
  • Year Built: 1927

Lot Features

  • Lot Size (Acres): 0.38
  • Lot Size Source: Public Records
  • Alley: Y
  • Zoning: Glendale-R1250
  • Lot Description: 2 to 4 Lots, Alley Paved

Financial Considerations

  • Price Per Sq. Ft.: $364.97
  • Price Per Acre: $10,285,186.16
  • Terms: Cash, Take Property As Is

Disclosures and Reports

  • Legal Disclosures: Take Property As Is

Listed by Keller Williams R.E. Services, Norick Toomanian - CA DRE: 00796172

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Estimate the Cost

221 West Dryden Street will cost you if you:

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  • Put down a % down payment : $
  • Pay at a interest rate over

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In the Community

Nearby Schools

221 West Dryden Street, Glendale, CA 91202 (MLS# 316010830) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 221 West Dryden Street is currently listed for $3,895,000 and was received on November 28, 2016. Want to learn more about 221 West Dryden Street? Do you have questions about finding other Multi-Family real estate for sale in Glen-Northwest? You can browse all Glen-Northwest real estate or contact a Coldwell Banker agent to request more information.

Listed by Keller Williams R.E. Services, Norick Toomanian - CA DRE: 00796172

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