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243 N Verdugo Road, Glendale, California 91206, Glendale, 91206 - 2 bed, 1 bath

243 N Verdugo Road, Glendale, California 91206 home-pic-0
ACTIVE$1,199,999
243 N Verdugo Road, Glendale, California 91206
2Beds
1Bath
1,102Sqft
4,293Lot
Year Built
1923
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,089
HOA
-
Days on market
-
Sold On
-
MLS number
GD25129071
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(13th), sqft - 1102(9th), beds - 2(12th), baths - 1(9th).

LocLocation, Location, Location! Nestled in the heart of Glendale's highly desirable 91206 neighborhood, this prime, updated corner home is commercially zoned with 2 bedrooms, 1 bath, and a private backyard. The inviting living area features elegant laminate floors. The formal dining room is amazing with granite countertops and recessed lighting accents the beautiful kitchen. The backyard is spacious and private. It’s the perfect place to entertain guests and create unforgettable memories or unwind in your own secluded outdoor space. This home is full of bright light and includes a potential garage and/or backyard ADU development opportunity, with the potential to buy 1 or 2 contiguous properties next door, currently listed for sale, with the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. This treasured home reflects true pride of ownership. Homes in this area sell very quickly, are priced right, and will not last long in this hot market!

Condition Rating
Good
Despite being built in 1923, this property has undergone significant and recent updates, particularly in the kitchen and bathroom. The kitchen features modern white shaker cabinets, granite countertops, and stainless steel appliances, appearing virtually new. The bathroom boasts modern tiling, a new vanity, and updated fixtures. Elegant laminate flooring is present throughout the living areas. The exterior is freshly painted and well-maintained, and the water heater appears new. While the original structure is old, the visible living spaces are move-in ready and reflect a high standard of recent renovation, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Exceptional Development Potential: Commercial zoning combined with the explicit opportunity to acquire contiguous properties for up to 16 residential units offers significant investment and development upside.
Prime & Highly Desirable Location: Situated in Glendale's sought-after 91206 neighborhood, offering excellent proximity to amenities, schools, and vibrant urban centers like Silver Lake and Burbank.
Flexible Commercial Zoning: The commercial zoning provides versatility for various future uses beyond residential, enhancing the property's long-term value and potential income generation.
Updated & Well-Maintained Interior: Features like elegant laminate floors, a beautiful kitchen with granite countertops and recessed lighting, and a private backyard indicate pride of ownership and immediate move-in readiness.
Strong Market Demand: Located in a 'hot market' where homes sell quickly, suggesting high buyer interest and a potentially swift transaction.

Cons

Significant Price Discrepancy: The listing price is considerably higher than the estimated property value and recent comparable sales, potentially indicating overpricing for its current residential configuration.
Limited Residential Footprint: With only 2 bedrooms and 1 bathroom across 1102 sqft, the property's size may be restrictive for many traditional single-family home buyers.
Age-Related Considerations: As a 1923 build, while updated, the property may still present underlying infrastructure challenges common to older homes, potentially requiring future capital expenditures.

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