1523 Rock Glen Avenue, Glendale, California 91205, Glendale, 91205 - 0 bed, 0 bath
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Glendale, California 91205
This Value-Add Multi-Family Asset represents a strategic development play with a List Price of $1,789,950, positioned above the $1,656,341 Fair Market Value to account for its shovel-ready status. Holding a Condition Rating of 5, the 1941-built quadruplex requires significant system updates across three units, while one unit remains fully renovated. The primary upside is the Approved Plans for a 3-bed/3-bath ADU, increasing the total to five units on a 9,945 sqft Lot. This is an ideal acquisition for Buy-and-Hold Investors or Developers targeting the high-demand Glendale rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1523 Rock Glen Avenue Subject | $1,789,950* List Price | 0 | 0 | 2,839 | $583 | - |
A 716 Fischer Active | $1,750,000 List Price | 0 | 0 | 3,695 | $474 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While one unit (Unit D) appears to have undergone a recent, modern renovation with new kitchen cabinets, countertops, appliances, modern light fixtures, laminate flooring, and mini-split AC units, the property's overall condition is likely poor. The building was constructed in 1941, and the listing's AI analysis explicitly states that the 'existing structures are over 80 years old, likely requiring significant capital expenditures for updates, deferred maintenance, and potential system replacements (plumbing, electrical, HVAC) in the current units.' This suggests that the other units and the building's core systems are in a state requiring substantial repairs and rehabilitation, despite the single renovated unit. The exterior also appears dated and the landscaping neglected.
The property comes with approved plans for an additional 3-bedroom, 3-bathroom ADU, transforming it from a 4-unit building into a 5-unit asset and offering substantial potential for increased rental income and property appreciation.
Located in Glendale, specifically 'South of 134 Fwy,' this area is a highly desirable and stable Southern California market known for strong rental demand and consistent property value appreciation.
As an existing quadruplex, the property already provides immediate rental income, making it an attractive investment for cash flow from day one.
The property was recently sold within the past year on 2025-03-13. The sold price is $1,650,000.00.
Built in 1941, the existing structures are over 80 years old, likely requiring significant capital expenditures for updates, deferred maintenance, and potential system replacements (plumbing, electrical, HVAC) in the current units.
The 'Full description coming soon' indicates a lack of crucial details regarding the existing units' condition, current rental income, unit mix, and amenities, making a comprehensive investment analysis challenging for prospective buyers.
4 unit building will be delivered with approved plans for additional 3 bed 3 bath ADU making it total of 5 units. Full description coming soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,839 | 2,839 | 50% |
| Lot Size | 9,945 | 6,423 | 86% |
| Price | $1.79M | $1.10M | 86% |
| Price per sq ft | $630 | $546 | 86% |
| Built year | 1941 | 1939 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 176 | 43% |
Dec 22, 2025
$1,789,950
Initial Listing
Mar 13, 2025
$1,650,000
Public Record
Jun 18, 2021
$1,425,000
Public Record
Jun 7, 2006
$910,000
Public Record