Glendale, CA 91205,529 Raleigh Street
Glendale, CA 91205,529 Raleigh Street
Glendale, CA 91205,529 Raleigh Street
Glendale, CA 91205,529 Raleigh Street
Glendale, CA 91205,529 Raleigh Street
Glendale, CA 91205,529 Raleigh Street
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$1,075,000

$1,100,000

2.3%
Est.Price: ?

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Est. payment /mo

5 Beds


SOLD DATE : 07/28/2025

Key Details

Sold Price $1,075,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD25119999

Sold Date 07/28/25

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

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 amenities. Its central location within one of Los Angeles Countys most desirable rental markets makes this offering particularly appealing to both seasoned investors and those looking to break into the Glendale multifamily market. 529 Raleigh Street represents a rare opportunity to acquire a true value-add

Location

State CA

County Los Angeles

Zoning Public Rec

Direction 529 Raleigh Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5675015002

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MLS Router / San Diego MLS
Listed by Krikor Garabedian Keller Williams R. E. Services
Bought with Ryan Loria Triqor Group
Robyn Flint

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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