Glendale, CA 91201,1046 Western Avenue
Glendale, CA 91201,1046 Western Avenue
Glendale, CA 91201,1046 Western Avenue
$1,000,000
Est. payment /mo
$999,000
0.1%
Est.Price: ?

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3 Beds
2 Baths
7,431 Sqft Lot
SOLD DATE : 04/22/2022

Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD22031481

Sold Date 04/22/22

Bedrooms 3

HOA Y/N No

Lot Size 7,431 Sqft

Property Description

We are pleased to present 1046 Western Avenue in Glendale, California, a well-maintained duplex plus an older single family residence structure situated on a large 7,400 square foot parcel. This property presents a development opportunity when purchased with the adjacent property at 1050 Western Avenue. The Subject site is approximately 1,855 square feet (according to assessor date) and includes a duplex with 1 bedroom and 1 bathroom in each unit. These existing units can easily garner a much higher market rent with little effort. The older structure will likely need to be either rebuilt or torn down per Glendale requirements and code. The property is in a great location with frontage on Western Avenue just south of Glenoaks and north of San Fernando Road. It is centrally located between Burbank and Glendale and includes easy freeway access. Directly adjacent to the property is 1050 Western Avenue, which includes a 2-bedroom 1-bathroom single family residence, a detached garage, a long driveway and an expansive back yard all situated on a 7,750 square foot parcel. When combined with the Subject Property the total lot size will be over 15,180 square feet with a width of approximately 97 on Western Avenue. This wide linear frontage is important, as Glendale provides bonus density for lots which have frontage wider than 90-feet. All Buyers and investors are encouraged to conduct their own research regarding the construction potential of these properties; the opportunity to build multiple units is possible for a developer or investor to take advantage and build a generational l
We are pleased to present 1046 Western Avenue in Glendale, California, a well-maintained duplex plus an older single family residence structure situated on a large 7,400 square foot parcel. This property presents a development opportunity when purchased with the adjacent property at 1050 Western Avenue. The Subject site is approximately 1,855 square feet (according to assessor date) and includes a duplex with 1 bedroom and 1 bathroom in each unit. These existing units can easily garner a much higher market rent with little effort. The older structure will likely need to be either rebuilt or torn down per Glendale requirements and code. The property is in a great location with frontage on Western Avenue just south of Glenoaks and north of San Fernando Road. It is centrally located between Burbank and Glendale and includes easy freeway access. Directly adjacent to the property is 1050 Western Avenue, which includes a 2-bedroom 1-bathroom single family residence, a detached garage, a long driveway and an expansive back yard all situated on a 7,750 square foot parcel. When combined with the Subject Property the total lot size will be over 15,180 square feet with a width of approximately 97 on Western Avenue. This wide linear frontage is important, as Glendale provides bonus density for lots which have frontage wider than 90-feet. All Buyers and investors are encouraged to conduct their own research regarding the construction potential of these properties; the opportunity to build multiple units is possible for a developer or investor to take advantage and build a generational legacy project. Ownership would prefer to sell both 1050 Western Avenue and 1046 Western Avenue together and close simultaneously. The two properties are being sold in their AS IS WHERE IS condition. Call the listing agent for additional details or to set up a tour.

Location

State CA

County Los Angeles

Area Glendale (91201)

Zoning Assessor

Interior

Cooling Wall/Window

Building

Lot Description Sidewalks

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Seller May Carry

Space Rent $13,200

Listing Terms Cash, Conventional, Seller May Carry

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San Diego Regional MLS (SDMLS)
Listed by Kirk Garabedian • Keller Williams R.E. Services
Bought with Kirk Garabedian • Keller Williams R.E. Services
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“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

170 Laurel St, Diego, CA, 92101, United States

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