Address
1046 Western Ave Glendale, CA
Price
$ 2,200,000
Property Attributes
  • MLS#GD20247436
  • TypeIncome
  • CountyLOS ANGELES
  • CityGlendale
  • AreaGlendale-Northwest
  • Zip91201
  • Style
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2744
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Krikor Garabedian with Keller Williams R.E. Services.
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

Attached Structure Attached
Co-Listing Agent Last Name Kimberly Ann
Co-Listing Agent Last Name Meyer
Co-Listing Agent State License # 01863670
Co-listing Agent Kimberly Ann Meyer - BRE#01863670
Community Features Urban
Directions Property includes 2 parcels - 1046 & 1050 Western Avenue
Garage Spaces 0.00
Levels One
Listagentaor Glendale
Listing Agent Krikor Garabedian - BRE#01216376
Listing Agent State License 01216376
MLS Area 626 - Glendale-Northwest
Pool Features None
Price Per Square Foot 801.75
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features Inside
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 2744.00
Lot Features Level with Street, Lot 10000-19999 Sqft, Rectangular Lot
Lot Size Acres 0.3486
Lot Size Area 15185.0000
Lot Size Source Assessor
Lot Size Square Feet 15185.00
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 8.00
Uncovered Spaces 8.00
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 $2.91M
$2.2M
Visits
AVG 58
61
Year Built
AVG 1954
1941
Walkscore
AVG 80
86
Data Provided by Walkscore ® not using MLS data

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