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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.
Property Type(s):
Residential Income
| Last Updated | 5/30/2025 | Year Built | 1922 |
|---|---|---|---|
| Community | 628 - Glendale-South of 134 Fwy | County | Los Angeles |
Additional Details
| AREA | 628 - Glendale-South of 134 Fwy |
|---|---|
| LOT | 6983 sq ft |
| LOT DESCRIPTION | Level, Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Keller Williams R. E. Services
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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