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$ 1,000,000
Est. payment | /mo
6 Beds
2 Baths
$ 1,000,000
Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25191140
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
Location, Location, Location! Double the Assets, One Investment! Secure TWO properties at the price of ONE, an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! 2252 & 2246 Glenrose Ave for sale! This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadenas most sought-after neighborhoods. Zoned R3, the property offers incredible development potentialincluding multi-units with additional ADUs, making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000. Conveniently located just 7 to 10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway, this location is a true gem. The rebuild timeline can be surprisingly efficient, as little as 12 to 18 months, for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is Buyer to conduct all due diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only Please do not enter the property, 48 hours noticed in order to enter the property. Property shall be delivered vacant.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Right next to 2252 Glenrose Ave, Altadena
Interior
Heating Other/Remarks
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5835018016
Listed by Christian Garcia Big Block Powerhouse Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "