Homes for sale - 529 Raleigh ST, Glendale, CA 91205

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Krikor Garabedian • Keller Williams R. E. Services

$1,100,000

Est. payment - /mo

6,984 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRGD25119999

Year Built 1922

Lot Size 6,984 Sqft

Source California Regional MLS

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

Tax ID 5675015002

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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529 Raleigh ST Glendale, CA 91205

JLee Broker

Key Details

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