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

1322 E California Avenue, Glendale, California 91206 home-pic-0
ACTIVE$695,000
1322 E California Avenue, Glendale, California 91206
2Beds
1Bath
586Sqft
2,873Lot
Year Built
1922
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$1,186
HOA
-
Days on market
-
Sold On
-
MLS number
GD25144669
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $695.0K(1th), 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

This property, built in 1922, is explicitly described as a 'fixer home' requiring 'TLC' and contractors. The listing heavily emphasizes the commercial zoning and development potential, including the possibility of building up to 16 units or multiple ADUs, and acquiring contiguous properties. This indicates the primary value lies in the land and its redevelopment potential, rather than the existing 102-year-old structure. The small size (586 sqft) and lack of visible updates in the exterior images further support that the existing structure is likely beyond economical repair or renovation for modern living, making demolition the most probable path for maximizing the property's value.
Pros & Cons

Pros

Exceptional Development Potential: The property is commercially-zoned and offers tremendous potential for significant commercial or multi-unit residential development, including the option to acquire 1 or 2 contiguous properties for up to 16 units.
Prime & Desirable Location: Nestled in Glendale's highly sought-after 91206 neighborhood, providing convenient access to public schools, parks, diverse dining, and vibrant areas like Silver Lake, Atwater Village, and Burbank.
Significant Expansion & ADU Potential: Offers extensive possibilities for adding rooms, customizing the private backyard with amenities, and designing multiple Accessory Dwelling Units (ADUs) or a guest house.
Versatile Investment Opportunity: Presents a great opportunity for owner-users, investors, or developers, with the potential to create a personal dream home or a lucrative income-producing portfolio by purchasing adjacent properties.
High Market Demand: The listing indicates that properties in this area sell very quickly, suggesting a strong and active buyer's market.

Cons

Fixer Condition & Renovation Required: Explicitly described as a 'fixer home' requiring 'TLC' and contractors, indicating substantial renovation costs and effort will be necessary for any buyer.
Limited Current Living Space: With only 2 bedrooms, 1 bath, and 586 sqft, the existing dwelling is very small and may not meet the needs of many buyers without significant expansion.
Historic Property Age: Built in 1922, the property is over a century old, suggesting potential for outdated systems, infrastructure, and the need for comprehensive updates to meet modern standards and codes.

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