529 Raleigh ST Active Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91205
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25119999
Year Built 1922
Lot Size 6,984 Sqft
Property Description
Located at 529 Raleigh Street in Glendale, California, this five-unit multifamily offering consists of a detached 2-bedroom/1-bath front house, three 1-bedroom/1-bath units, and a studio unit at the rear of the property. The total building size is approximately 2,788 square feet, situated on a 6,982 square foot lot. The front house is roughly 900 square feet, with the remaining units ranging from 300 to 500 square feet each. The property features a shared courtyard between the front and rear buildings, offering an open-air communal area. While there is a driveway with space that could accommodate parking, current tenant use of the space as outdoor living area presents options for a future reconfiguration to enhance on-site amenities or create dedicated tenant parking. Originally built in 1922, the property retains much of its original character and would benefit from thoughtful upgrades. The property presents a strong value-add opportunity for investors looking to enhance both rents and asset quality through renovation and systems upgrades. With current gross annual income at just $63,000, there is substantial rental upside once improvements are made. Located in the heart of Glendale, the property boasts excellent walkability to retail, restaurants, and other neighborhood ameni
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Laundry None
Exterior
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Special Listing Condition Not Applicable