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529 Raleigh Street, Glendale, CA 91205

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For Sale
Sale Pending

$1,100,000

5 beds • 6 baths • 2,788 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $394.55
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 County s 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 asset in a highly sought-after Glendale location, with strong long-term upside through strategic renovations and repositioning.
MLS# GD25119999

Courtesy Of Keller Williams World Media Center

(818) 432-3200

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 529 Raleigh Street, Glendale, CA 91205

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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