Glendale, CA 91205,908 E GARFIELD AVE

$1,850,000

Est. payment /mo

$1,099,000

68.3%
Est.Price: ?

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908 E GARFIELD AVE Glendale, CA 91205

0.32 Acres Lot

SOLD DATE : 06/08/2022

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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California Regional MLS (CRMLS)
Listed by Gregory Holmes • Coldwell Banker Realty
Bought with Anthony Connell • Matthews Real Estate Investment Services

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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