1322 E California Avenue, Glendale, California 91206, Glendale, 91206 - 2 bed, 1 bath

1322 E California Avenue, Glendale, California 91206 home-pic-0
ACTIVE$790,000
1322 E California Avenue, Glendale, California 91206
2Beds
1Bath
586Sqft
2,873Lot
Year Built
1922
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
$1,348
HOA
-
Days on market
-
Sold On
-
MLS number
GD25129072
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $790.0K(4th), sqft - 586(1th), beds - 2(12th), baths - 1(9th).

Nestled and tucked in Glendale's highly desirable 91206 neighborhood on a beautiful street, this fixer home is commercially-zoned and offers 2 cozy bedrooms, 1 bath, a private back yard and endless possibilities. Make this home your own and imagine adding additional rooms over time, building your own custom private backyard for entertaining, a pool, jacuzzi, gazebo, waterfall, and custom BBQ area. You could even design your own adjacent ADU, possibly even two ADU’s or a guest house! With a little TLC, bring your contractors, imagination and turn your dream home into reality! This home is perfect for raising a family and is close to public schools, parks, community events, diverse dining, just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, Walt Disney Studios and the Rose Parade route. This treasured home reflects true pride of ownership. This property is truly one of a kind, is filled with tremendous potential including the opportunity to buy 1 or 2 contiguous properties next door, develop a commercial property including up to 16 units as one of many possible developments. Come experience the positive vibes! This is your chance to make this your personal dream home, or you may purchase all 3 properties and enjoy a lucrative income producing portfolio! Don't miss out on this great owner-user, investment or development opportunity! Everything in this area sells very quickly so come take a look and tour it now as this property will not last long!

Condition Rating
Tear down

Built in 1922 and explicitly described as a 'fixer home' requiring 'TLC' and contractors, this property's value is clearly in its land and development potential, not the existing structure. The exterior images show a very old, weathered house with no signs of recent updates. The absence of interior photos, especially of the kitchen and bathroom, strongly suggests these areas are in original or severely outdated/damaged condition, making the property unlivable or requiring uneconomical renovation. The listing's focus on commercial zoning and multi-unit development potential further supports that the existing structure is likely beyond repair for modern living standards.
Pros & Cons

Pros

Development Potential: The property offers extensive development opportunities, including adding rooms, ADUs, guest houses, or even a 16-unit commercial property, maximizing future value.
Versatile Zoning: Commercially-zoned, providing flexibility for various uses beyond single-family residential, appealing to a broader range of investors and developers.
Prime Location: Situated in Glendale's highly desirable 91206 neighborhood, close to schools, parks, diverse dining, and vibrant areas like Silver Lake, Atwater Village, and Burbank.
Multi-Property Acquisition Opportunity: Unique chance to purchase 1 or 2 contiguous properties, enabling larger-scale development or creation of an income-producing portfolio.
High Market Demand: Located in an area where properties sell quickly, indicating strong buyer interest and a potentially swift return on investment.

Cons

Extensive Renovation Required: Described as a 'fixer home' needing 'TLC' and contractors, implying significant immediate and costly renovations to modernize or expand.
Limited Current Living Space: With only 586 sqft, 2 bedrooms, and 1 bath, the existing structure offers very limited living space for a modern family without substantial expansion.
High Entry Price for Condition: The list price of $790,000 for a 1922 'fixer' home is substantial, especially given its small size and the estimated value being 8% lower, suggesting a premium for land and potential rather than current utility.

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