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732 W Dryden — Glendale | Belmont Brokerage | Belmont Brokerage

ActiveUnderContract

+18 more

$2,466,888

18 DOM

— bd— ba— sqft

Call

732 W Dryden Glendale, CA 91202

6,751sqft lot

First time on the market since it was built, this well-maintained 6-unit townhouse-style income property is located in one of Glendale’s most desirable pockets, just above Glenoaks. Built in 1986, the property offers an ideal unit mix consisting of five (5) 2-bedroom, 1.5-bath units and one (1) spacious 2-bedroom, 2.5-bath unit. Most units feature private balconies, central air and heat, and individual water heaters, skylights providing comfort and convenience for tenants. Several units have been updated, while others present excellent value-add potential, including the possibility of adding in-unit washer and dryer setups. Additionally, the majority of rooftop A/C units have been recently replaced, enhancing long-term efficiency and reducing future maintenance. The property has done extensive exterior improvements, including a brand-new roof, new exterior siding, brand new hallways and stairways, new gutters, and freshly painted fascia boards. This is a low-maintenance, high-demand investment opportunity offering long-term stability and significant upside perfect for investors, professionals, or 1031 exchange buyers seeking a strong addition to their portfolio. Done SB721 inspection report adds further confidence for buyers. The building also offers a shared on-site laundry facility. A total of 12 parking spaces (2 per unit) ensures strong tenant appeal and functionality, some tandem parking. Ideally situated near the highly sought-after Dryden & Highland corridor, the property is surrounded by established residential neighborhoods and is conveniently located near shopping, transportation, and major freeways. It also benefits from access to the highly regarded Glendale Unified School District, including Balboa Elementary, Toll Middle School, and Hoover High School, making it especially attractive to long-term tenants.

MLS GD26064433

818-790-8300 (Office) 8186313324 (Cell) edwin@pleasinghome.com

Est. payment

$15,764/mo

Principal & interestTaxesInsurance

$12,474$2,570$720

Down %

Rate %

Years

Down payment: $493,378 · Total cost: $4,983,992

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$15,764/mo

Principal & interest: $12,474
Est. property tax: $2,570
Est. insurance: $720
Down payment: $493,378

Est. gross rent$10,279/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-5,485/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.