630 Naranja Drive, Glendale, California 91206, Glendale, 91206 - bed, bath
ACTIVE$1,995,000
630 Naranja Drive, Glendale, California 91206
0Bed
0Bath
4,838Sqft
5,637Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: The property is highlighted as an excellent investment option in a thriving market, offering stable income and long-term growth potential for investors and owner-users.
Top Cons:
Age of Property: Built in 1929, the property is an older building, which despite recent upgrades, may still present ongoing maintenance challenges or require further capital expenditures for other systems not mentioned.
Compared to the nearby listings
Price:$2.00M vs avg $1.47M (+$530,000)86%
Size:4,838 sqft vs avg 1,960 sqft86%
Price/sqft:$412 vs avg $68914%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property is very old. While the exterior and some major systems (electrical meters, copper plumbing) have seen recent updates, the listing explicitly notes a 'Potential for Interior Unit Upgrades' and provides no images or details of interior renovations. This strongly indicates that the kitchens and bathrooms are very dated, likely original or last renovated many decades ago, requiring substantial rehabilitation to meet modern standards and tenant expectations. The visible window AC units also suggest an outdated cooling system.
Year Built
1929
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$412
HOA
-
Days on market
-
Sold On
-
MLS number
DW25252871
Home ConditionPoor
Features
Patio
View-
About this home
The 630 Naranja Dr Apartment Building is an excellent investment option in the thriving Glendale, CA real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors and owner-users alike seeking stable income and long-term growth. This 4 unit Spanish style building consists of four large 2+1 units with spacious bedrooms, very large living rooms and dining areas. All are currently occupied with very nice and on-time paying tenants. Improvements include updated electrical meters, copper plumbing, recent exterior paint and newly resurfaced back yard common area.
Price History
Date
Event
Price
08/07/15
Sold
$1,230,000
Condition Rating
Poor
Built in 1929, this property is very old. While the exterior and some major systems (electrical meters, copper plumbing) have seen recent updates, the listing explicitly notes a 'Potential for Interior Unit Upgrades' and provides no images or details of interior renovations. This strongly indicates that the kitchens and bathrooms are very dated, likely original or last renovated many decades ago, requiring substantial rehabilitation to meet modern standards and tenant expectations. The visible window AC units also suggest an outdated cooling system.
Pros & Cons
Pros
Investment Potential: The property is highlighted as an excellent investment option in a thriving market, offering stable income and long-term growth potential for investors and owner-users.
Prime Location: Situated in Glendale, CA, the property benefits from a prime location within a strong real estate market with robust rental demand.
Strong Occupancy & Income: All four units are currently occupied by 'very nice and on-time paying tenants,' indicating stable rental income and high demand.
Key System Upgrades: Recent improvements include updated electrical meters, copper plumbing, exterior paint, and a newly resurfaced backyard common area, addressing common concerns with older buildings.
Spacious Units: The building consists of four large 2+1 units featuring spacious bedrooms, very large living rooms, and dining areas, which are attractive to tenants.
Cons
Age of Property: Built in 1929, the property is an older building, which despite recent upgrades, may still present ongoing maintenance challenges or require further capital expenditures for other systems not mentioned.
Potential for Interior Unit Upgrades: While common areas and major systems are updated, the description does not specify recent interior renovations for individual units, suggesting potential future costs to modernize and maximize rental value.
Lack of Specific Parking Information: The property details do not mention parking availability for the four units, which can be a significant factor for tenants in an urban area like Glendale.