Listing Agent: Heather Scherbert      Broker/Office: Coldwell Banker Realty
2824 Montrose Avenue Glendale CA 91214
$ 1,200,000
  3   |    1   |    1235 Sq Feet

Listing ID

#P1-29440

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1910

Days on website

2

Description
Rare development or investment opportunity in a premier Montrose location! Situated on a nearly 14,000 square foot flat lot, this highly versatile property features coveted Glendale Multi-Family Residence (R3) zoning, offering endless potential for builders, developers, and savvy investors alike. The single family home currently features three bedrooms and one bathroom, perfectly positioned to provide steady rental income while you finalize your development plans. Strategically positioned between two existing apartment complexes, this lot is a natural fit for multi-family expansion. Adding to its unique appeal, the parcel directly borders a distinctive 10-unit multifamily investment property owned by the same family and currently on the market--offering a rare chance to assemble a generational real estate footprint. Whether you want to build new units, expand the current footprint, or acquire both properties for a massive contiguous multi-family package, this is a premium lot with layered upside that rarely hits the market!
Location
Financial Information
List Price:  $ 1200000
Property Features
Appliances:  Dishwasher
Community Features:  Foothills, Sidewalks
Flooring:  Tile, Wood
High School:  Crescenta Valley
Laundry Features:  Inside
Levels:  One
Other Structures:  Storage
Parking Features:  Driveway
Patio And Porch Features:  Concrete
Senior Community YN:  false
Structure Type:  House
Water Source:  Public
High School:  Crescenta Valley
Senior Community YN:  false
MLS Area Major:  635 - La Crescenta/Glendale Montrose & Annex
City:  Glendale
Listed By:   Heather Scherbert   Coldwell Banker Realty 
Co-listed by
Lisa Zastrow  
CA Lic#