Address
Western Ave Glendale, CA
Price
$ 2,200,000
Property Attributes
  • MLS#GD20247436
  • TypeIncome
  • CountyLOS ANGELES
  • CityGlendale
  • AreaGlendale-Northwest
  • Zip91201
  • Style
  • Price$ 2,200,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Krikor Garabedian with Keller Williams R.E. Services.
Data Source:
CRMLS
Property Description

We are pleased to present 2 adjacent lots in the City of Glendale, which include a 3-Unit Property and an adjacent Single Family Residence just south of Glenoaks Boulevard on Western Avenue. The Triplex is located at 1046 Western Avenue, and has 2 units towards the rear, which are fully occupied and a separate house in the front which is currently inhabitable and in need of major repair or teardown. The adjacent parcel, located at 1050 Western Avenue, includes a 2-bedroom 1-bathroom Single Family Residence, which is currently occupied by a long-term tenant on a month to month lease. According to public data, the parcels total 15,185 square feet, with dimensions of 97’ wide by 159.37’ deep. The zoning of the property is R2250, which is a Glendale Medium Density Zoning. According to Glendale municipal code, lots which have a width of 90 feet or greater can calculate 1 dwelling unit for each 1,800 square feet of land. Based on our translation, a developer can build a total of 8 dwelling units on these two lots. All Buyers are encouraged to conduct their own investigation and should not rely solely on this data for investment or future development purposes. The property is currently generating income of $4,100 per month. A developer can purchase this property and have income to support holding costs while going through the entitlement process. That in conjunction with the superior location of this asset, makes this offering truly a compelling property in today’s market.

Price History
11/27/2020 Listed $2,200,000

General Features

Additional Parcels Y/N Yes
Community Features Urban
Levels One
MLS Area 626 - Glendale-Northwest
Open Parking Spaces 8
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash to New Loan
Total Units 4

Interior Features

Common Walls 1 Common Wall
Laundry Features Inside

Exterior Features

Lot Features Rectangular Lot, Street Level
Lot Size Acres 0.35
Lot Size Area 15185
Lot Size Source Assessor
Lot Size Square Feet 15185
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 2
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91201

Price
AVG $1.75M
$2.2M
Visits
AVG 95
169
Year Built
AVG 1939
1941
Walkscore
AVG 79
86
Data Provided by Walkscore ® not using MLS data

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