Address
Western Avenue Glendale, CA
Price
$ 2,200,000
Property Attributes
- MLS#GD20247332
- TypeLand
- CountyLOS ANGELES
- CityGlendale
- AreaGlendale-Chevy Chase-E. Glenoaks
- Zip91201
- Style
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- 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
| Community Features | Curbs, Storm Drain(s), Street Lights, Sidewalks |
|---|---|
| MLS Area | 624 - Glendale-Chevy Chase/E. Glenoaks |
| Property Type | Land |
| Sewer | Public Sewer |
| Terms | Cash, Cash to New Loan |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| View | None |
| Zoning | GLR4YY |
Exterior Features
| Lot Features | Level, Near Public Transit, 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 |
| Road Frontage Type | City Street |
| Road Surface Type | Paved |
| 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
Visits
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 10, 2021 9:46 PM UTC 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not tofurther investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial usein accordance with
