426 Ivy Street, Glendale, California 91204, Glendale, 91204 - bed, bath
ACTIVE$1,249,950
426 Ivy Street, Glendale, California 91204
0Bed
0Bath
1,984Sqft
6,215Lot
Year Built
1910
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
SR25066185
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros.
Great investment opportunity on this charming Glendale two level Home/duplex built in 1910. Downstairs has 3 bedrooms and 1 bath; upstairs unit has 2 bedrooms and 1 bath; with a little work this property can be easily converted back to a single-family home. Large lot with room to build up to 2 ADU's in the back in the heart of Glendale (check with city building codes). Prime location just minutes to The Americana at Brand and The Glendale Galleria, Shopping, restaurants, along with public transportation and all major freeway arteries. With new construction on every street in the surrounding neighborhood this property is so much potential.
Condition Rating
Poor
Built in 1910, this property is in very poor condition, requiring substantial repairs and rehabilitation. Both kitchens and bathrooms are extremely dated with original or very old fixtures, cabinets, countertops, and appliances, necessitating complete renovation. The overall interior shows significant wear, outdated light fixtures, and a mix of worn flooring. Major systems like electrical, plumbing, and HVAC are likely original or very old, posing potential safety and comfort concerns. The property's description of needing 'a little work' for a 1910 home implies extensive renovation to meet modern living standards.
Pros & Cons
Pros
High Investment Potential: Explicitly marketed as a 'Great investment opportunity' with 'so much potential', appealing to investors looking for growth.
Significant ADU Development Potential: Features a large 6,215 sqft lot with room to build up to two Accessory Dwelling Units (ADUs), offering substantial income generation or expanded living space.
Prime Glendale Location: Situated in the heart of Glendale, minutes from major attractions like The Americana at Brand and The Glendale Galleria, with excellent access to shopping, dining, public transportation, and freeways.
Income-Generating Duplex Configuration: Currently configured as a two-level duplex (3 bed/1 bath downstairs, 2 bed/1 bath upstairs), providing immediate rental income potential.
Flexible Use & Conversion Potential: The property can be easily converted back to a single-family home, offering versatility to cater to different buyer needs and preferences.
Cons
Advanced Age of Property: Built in 1910, the property is likely to require significant updates to its systems, infrastructure, and aesthetics to meet modern standards and preferences.
Requires Substantial Renovation/Work: The description implies 'a little work' is needed to realize its full potential, suggesting considerable capital investment for renovations or conversion.
ADU Development Contingency: While ADU potential is a strength, the caveat to 'check with city building codes' indicates that the feasibility and process for building ADUs are not guaranteed and require due diligence.