$1,850,000
$1,099,000
68.3%For more information regarding the value of a property, please contact us for a free consultation.
908 912 E GARFIELD AVE Glendale, CA 91205
0.32 Acres Lot
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Anthony Connell • Matthews Real Estate Investment Services