1207 Graynold, Glendale, California 91202, Glendale, 91202 - 2 bed, 2 bath
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Glendale, California 91202
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,600,000. With a Fair Market Value of $1,462,564, the property is priced above market, reflecting the premium on its Development Ready status. Featuring a Condition Rating of 4, the home includes approved plans and permits for a main house expansion and ADU conversion. The entertainer’s backyard with a sparkling pool and mountain views adds immediate lifestyle appeal. This asset is ideal for Value-Add Investors or Owner-Occupants seeking to leverage significant expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1207 Graynold Subject | $1,600,000* List Price | 2 | 2 | 1,557 | $939 | - |
A 1367 Cleveland Sold | $1,150,000 | 3 | 1 | 1,462 | $787 | 0.3 mi |
B 1361 Virginia Avenue Sold | $1,360,000 | 3 | 2 | 1,770 | $768 | 0.4 mi |
C 526 Monte Vista Avenue Sold | $1,295,000 | 2 | 1 | 1,415 | $915 | 0.6 mi |
D 545 Spencer Sold | $1,425,000 | 3 | 2 | 1,814 | $786 | 0.6 mi |
E 1443 Dorothy Drive Sold | $1,290,000 | 3 | 2 | 1,622 | $795 | 0.8 mi |
F 1350 Graynold Avenue Active | $1,360,000 List Price | 3 | 2 | 1,657 | $821 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947 with renovations that appear to be 20-30 years old. The kitchen features dated oak cabinetry and tile countertops, and the bathrooms show aging fixtures and finishes. While the home is functional with hardwood floors and central HVAC, the listing's emphasis on approved plans for expansion and ADU conversion confirms it is a candidate for significant updates.
The property comes with approved and stamped plans and permits for adding square footage to the main house and converting the detached garage into an ADU, offering significant value-add potential.
Situated in the highly sought-after 91202 zip code of Northwest Glendale, the home benefits from a prestigious neighborhood reputation and strong long-term property value retention.
The backyard is designed for entertaining, featuring a sparkling pool and a detached garage currently utilized as a game room, providing immediate lifestyle appeal.
At a list price of $1.6 million for a 2-bedroom, 1,557 sqft home, the pricing is aggressive and heavily dependent on the buyer's willingness to execute the provided expansion plans.
To realize the property's full potential and justified value, the buyer must undertake significant construction and renovation, which involves additional capital, time, and management.
INVESTERS and OWNER-OCCUPIED BUYERS. Single family pool house, with approved and stamped PLANS & PERMITS for adding square footage to the main house and to convert detached garage into an ADU. Located in sought after 91202 zip code in Glendale. Good size house and decent size lot. Nice open floor plan. Hardwood floors, recessed lighting. Formal dining room, living room with fireplace and a nice sink in family room with another fireplace. Family room opens to the entertainer back yard with sparkling pool. Detached two car garage, currently used as a game room/guest house. Central AC and heat. Beautiful front porch by entrance and a nice curb appeal. Call me today to schedule your tour.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,557 | 1,909 |
| Lot Size | 6,164 | 7,371.5 |
| Price | $1.60M | $1.02M |
| Price per sq ft | $1.0K | $496 |
| Built year | 1947 | 1935 |
| HOA | $0 | $212 |
| Days on market | 2 | 1527 |
Jul 20, 2026
$1,600,000
Initial Listing
Dec 3, 2024
$1,225,000
Public Record