426 Ivy Street, Glendale, California 91204, Glendale, 91204 - bed, bath
ACTIVE$1,199,000
426 Ivy Street, Glendale, California 91204
0Bed
0Bath
1,984Sqft
6,215Lot
Year Built
1910
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
SR25113808
Home ConditionFair
Features
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.
Price History
Date
Event
Price
05/21/25
$1,199,000
Condition Rating
Fair
Built in 1910, this property shows its age on the exterior with visible wear on the siding and roof. However, the interior has undergone significant cosmetic updates, including modern laminate flooring throughout, fresh paint, and updated kitchens and bathrooms. Both kitchens feature modern gray shaker cabinets and white countertops, with one boasting stainless steel appliances and the other a mix of updated and retro-style appliances. The bathrooms have modern vanities and updated subway tile surrounds, making them functional and aesthetically pleasing. While the interior is largely move-in ready and functional due to these updates, the property's overall age and the listing's description of it as an 'investment opportunity' requiring 'a little work' suggest that major systems or the exterior still need attention, preventing it from achieving a 'Good' rating. It's aged but maintained with recent updates to key areas.
Pros & Cons
Pros
Income-Generating Duplex: The property is currently configured as a two-level duplex (3 bed/1 bath downstairs, 2 bed/1 bath upstairs), offering immediate rental income potential.
Significant ADU Development Potential: The large lot provides ample space to build up to two Accessory Dwelling Units (ADUs), which can substantially increase future income and property value (subject to city codes).
Prime Glendale Location: Situated in the heart of Glendale, the property boasts a prime location just minutes from major retail, dining, entertainment (The Americana at Brand, The Glendale Galleria), public transportation, and major freeway arteries.
Flexible Use Options: The property offers versatility, as it can be easily maintained as an income-producing duplex or converted back to a single-family home, catering to diverse buyer needs.
Neighborhood Growth & Appreciation: Located in an area experiencing significant new construction, this property is positioned within a growing market, indicating strong potential for future value appreciation and redevelopment.
Cons
Age and Required Renovation: Built in 1910, the property is an older home that likely requires substantial renovation and modernization to maximize its value and appeal, as indicated by the description 'with a little work'.
Development/Conversion Costs: While offering great potential (ADUs, SFH conversion), realizing these opportunities will involve significant financial investment for construction, permits, and associated upgrades.
Project-Oriented Purchase: The property is presented as an 'investment opportunity' and requires 'a little work,' suggesting it is not move-in ready and will appeal primarily to buyers willing to undertake a renovation or development project.