CA > Glendale
Glendale, CA 91208,1700 Del Valle Ave
Glendale, CA 91208,1700 Del Valle Ave
Glendale, CA 91208,1700 Del Valle Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,700,000
Est. payment /mo
12 Beds
9 Baths
8,252 SqFt
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UPDATED:

12/07/2024 12:44 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,252 sqft

Price per Sqft $327

MLS Listing ID 24-462817

Bedrooms 12

Year Built 1948

Lot Size 0.291 Acres

Acres 0.2888

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 Rossmoyne &Amp; Verdugo Woodlands

Zoning R1650

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Garbage Disposal

Exterior

Parking Features Carport Detached, Garage Is Detached

Garage Spaces 8.0

Building

Story 3

Water Public, Water District

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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