Glendale, CA 91205,908 912 E GARFIELD AVE

$1,850,000

Est. payment /mo

$1,099,000

68.3%
Est.Price: ?

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908 912 E GARFIELD AVE Glendale, CA 91205

0.32 Acres Lot

SOLD DATE : 06/08/2022

Key Details

Sold Price $1,850,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22150107

Sold Date 06/08/22

HOA Y/N No

Year Built 1925

Lot Size 0.322 Acres

Property Description

Rare 14,000 square foot lot in Glendale. This is a tremendous opportunity. 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

Fireplace No

Building

Story 1

Water Public

Others

Tax ID 5675030029

Special Listing Condition Standard

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

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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