2246 Glenrose Avenue, Altadena, California 91001, Altadena, 91001 - bed, bath

About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.00M(40th), sqft - 1124(24th), beds - undefined(12th), baths - undefined(12th).
Location, Location, Location! Double the Assets, Secure TWO properties at the price of ONE, an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! 2252 & 2246 Glenrose Ave for sale! This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena’s most sought-after neighborhoods. Subject to change-R3, the property offers incredible development potential—including multi-units with additional ADUs, making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000. Conveniently located just 7 to 10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway, this location is a true gem. The rebuild timeline can be surprisingly efficient, as little as 12 to 18 months, for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is — Buyer to conduct all due diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only — Please do not enter the property, 48 hours noticed in order to enter the property. Property shall be delivered vacant.

