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Listed by Christian Garcia • Big Block Powerhouse Realty
$1,000,000
Est. payment /mo
1,124 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,124 sqft
Price per Sqft $889
MLS Listing ID CRDW25191140
HOA Y/N No
Year Built 1924
Lot Size 0.263 Acres
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
Location, Location, Location! Double the Assets, Secure TWO properties at the price of ONE, an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! 2252 & 2246 Glenrose Ave for sale! This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena's most sought-after neighborhoods. Subject to change-R3, the property offers incredible development potential-including multi-units with additional ADUs, making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000. Conveniently located just 7 to 10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway, this location is a true gem. The rebuild timeline can be surprisingly efficient, as little as 12 to 18 months, for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is - Buyer to conduct all due diligenc
Location
State CA
County Los Angeles
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Laundry Other
Exterior
Handicap Access Other
Building
Water Private
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