516 S Pacific Avenue, Glendale, California 91204, Glendale, 91204 - 2 bed, 2 bath
ACTIVE$2,000,000
516 S Pacific Avenue, Glendale, California 91204
2Beds
2Baths
1,638Sqft
8,796Lot
Year Built
1925
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,221
HOA
-
Days on market
-
Sold On
-
MLS number
25477609
Home ConditionTear down
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $2.00M(50th), sqft - 1638(50th), beds - 2(50th), baths - 2(50th).
ATTENTION!!! Prime Development Opportunity in Glendale. Located in a highly sought-after area of Glendale, this property offers an exceptional opportunity for multi-family development. Boasting a prime location with close proximity to top-rated schools, shopping centers, dining, and public transportation, this site is ideal for developers seeking to maximize return on investment. This property offers endless possibilities for developers looking to create modern, high-demand housing in the heart of Glendale. Don't miss out on this rare investment opportunity!
Condition Rating
Tear down
The property was built in 1925 and the listing emphasizes its potential as a development opportunity, suggesting the existing structure is not a primary asset. The description focuses on the land's value for redevelopment rather than the house itself. The single image available shows an older home, further supporting the assessment that the property is likely in tear-down condition.
Pros & Cons
Pros
Prime Location: Located in a highly sought-after area of Glendale, offering convenient access to top-rated schools, shopping centers, dining, and public transportation.
Development Opportunity: Exceptional opportunity for multi-family development, ideal for developers seeking to maximize return on investment.
Large Lot Size: The property features a lot size of 8,796 sqft, providing ample space for potential development or expansion.
Cons
Year Built: The property was built in 1925, potentially requiring updates or renovations to meet modern standards.
Single Family Residence: Currently a single-family residence, requiring significant changes for multi-family development.