GLENDALE rent to own home - a multi family property ( beds, 8 baths)

Welcome to 650 W. Dryden Street in Glendalean exceptional investment opportunity! This five-unit multifamily property offers a perfect blen of comfort and convenience, generating an annual gross income of $120,600, with minimal expenses. Located above Glenoaks Boulevard in one of Glendales most sought-after neighborhoods, its just minutes from Toll Middle School, Hoover High School, and Pelanconi Park. This property features spacious units with an ideal unit mix, designed to appeal to a variety of tenants, making it a highly desirable rental option. The unit mix includes larger 1- and 2-bedroom units, along with a fantastic 1,500+ s/f 3-bedroom unit, perfect as a potential owners unit. The extra large 350 SF laundry room can potentially be converted to an ADU, as theres another small storage room on-site to move the laundry into with some easy changes. The property has been well-maintained with a roof replaced 7 years ago, copper plumbing, and separate gas and electricity meters, keeping costs low for the owner. It also offers five parking spaces, a large common area laundry, and a spacious storage room for added income potential. With three tenants on month-to-month leases, the ...

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future owner has the opportunity to increase rents by up to 7% in Glendale by transitioning them into new 12-month agreements. Located in a prime area with nearby schools, parks, and walkable amenities, 650 W. Dryden Street is a prime investment opportunity for those looking to maximize returns and ensure long-term growth. Tenants love the proximity to popular local spots like Moto Sushi, Starbucks, Paris Baguette, Mission Wine and Spirits, and Big Square Market, ensuring high demand year-round. Dont miss out on this rare opportunity! Do not walk on property. Subject to interior inspection.This rent to own home is a multi family property located in GLENDALE. It offers 0.15 acres in size, beds and 8 baths. Review its detailed information and determine if this GLENDALE rent to own has the qualities you are looking for.  

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Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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