$1,850,000
$1,099,000
68.3%For more information regarding the value of a property, please contact us for a free consultation.
908 E GARFIELD AVE Glendale, CA 91205
0.32 Acres Lot
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22151455
Sold Date 06/08/22
HOA Y/N No
Year Built 1925
Lot Size 0.322 Acres
Property Description
Tremendous opportunity. Rare 14,000 square foot lot in Glendale. Zoning is R-1650 which is the second best multi-residential zoning in Glendale. The property currently has 6 units, however current zoning allows for more! Additionally, property may qualify for Bonus Density, incentives and concessions. What an amazing opportunity to build and maximize this huge lot. Also excellent for first time investment or step-up investment. Property has deferred maintenance that needs to be addressed but tremendous upside potential as it currently exist. Current rents support a good cap rate. This 6 plex is centrally located in Glendale. Close proximity to California Distinguished Schools, Restaurants, Downtown Business District and the Americana! 14k square foot lot, ideal for development. Broker makes no guarantee regarding bonus density. Buyer to verify any and all information regarding bonus density for additional units. Act fast , this opportunity will will have tremendous interest.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4YY
Interior
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Building
Story 1
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 5675030029
Special Listing Condition Standard
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Bought with Anthony Connell • Matthews Real Estate Investment Services