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1046 Western AVE Glendale, CA 91201
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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD22031481
Sold Date 04/22/22
HOA Y/N No
Year Built 1918
Lot Size 7,431 Sqft
Property Sub-Type Triplex
Property Description
We are pleased to present 1046 Western Avenue in Glendale, California, a well-maintained duplex plus an older single family residence structure situated on a large 7,400 square foot parcel. This property presents a development opportunity when purchased with the adjacent property at 1050 Western Avenue. The Subject site is approximately 1,855 square feet (according to assessor date) and includes a duplex with 1 bedroom and 1 bathroom in each unit. These existing units can easily garner a much higher market rent with little effort. The older structure will likely need to be either rebuilt or torn down per Glendale requirements and code.
The property is in a great location with frontage on Western Avenue just south of Glenoaks and north of San Fernando Road. It is centrally located between Burbank and Glendale and includes easy freeway access.
Directly adjacent to the property is 1050 Western Avenue, which includes a 2-bedroom 1-bathroom single family residence, a detached garage, a long driveway and an expansive back yard all situated on a 7,750 square foot parcel. When combined with the Subject Property the total lot size will be over 15,180 square feet with a width of approximately 97' on Western Avenue. This wide linear frontage is important, as Glendale provides bonus density for lots which have frontage wider than 90-feet. All Buyers and investors are encouraged to conduct their own research regarding the construction potential of these properties; the opportunity to build multiple units is possible for a developer or investor to take advantage and build a generational legacy project.
Ownership would prefer to sell both 1050 Western Avenue and 1046 Western Avenue together and close simultaneously. The two properties are being sold in their AS IS WHERE IS condition. Call the listing agent for additional details or to set up a tour.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4YY
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Storm Drain(s), Street Lights, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Level, Rectangular Lot, Street Level, Value In Land
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5623025023
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, Owner May Carry
Financing Private
Special Listing Condition Standard
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Bought with Kirk Garabedian • Keller Williams R.E. Services