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 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
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49994016
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1922
- Building Area Total: 2,788
Pool Features
- None
Laundry Features
- None
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1603
- Lot Size Source: Assessor
- Lot Size Square Feet: 6984
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Listing Information
Listing Price Information
- Original List Price: 1,100,000
- Listing Contract Date: 2025-05-29
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5675015002
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 628 - Glendale-South of 134 Fwy
- Directions: 529 Raleigh Street
- Zoning: GLR4YY
- Source Property Type: Residential Income
- Area: 628 - Glendale-South of 134 Fwy
- Property SubType: Apartment
Building and Construction
- Property Age: 103
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: Ground
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BuyOwner last updated this listing 06/21/2025 @ 13:03
- MLS: GD25119999
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 2,788 sqft, 6,984 sized lot, and 0 parking. are nearby neighborhoods.