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Sold$1,075,000on Jul 28, 2025
529 Raleigh Street, Glendale, CA 91205
Keller Williams R. E. Services
5Beds
5Baths
25Days Listed
About 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 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
Krikor GarabedianKeller Williams R. E. Services818-298-8810
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 5
- Bathrooms
- 5
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Sold
- Days on Market
- 25
- Cumulative Days on Market
- 26
- Original Price
- $1,100,000
Location & Neighborhood
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Glendale Market Snapshot
179
Active Listings
$899K
Median Price
60
Avg Days on Market
Last updated: Jul 31, 2025
More Sold Properties in Glendale
View allBased on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$1,100,000