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1726 Lake Street, Glendale, California 91201, Glendale, 91201 - bed, bath

1726 Lake Street, Glendale, California 91201 home-pic-0
ACTIVE$999,999
1726 Lake Street, Glendale, California 91201
0Bed
0Bath
1,454Sqft
5,533Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income to offset mortgage payments or serve as a pure investment vehicle.
Top Cons:
Age and Potential for Outdated Systems: Built in 1930, the property may have older infrastructure (plumbing, electrical, HVAC) that could require significant updates or maintenance in the near future.

Compared to the nearby listings

Price:$1000.0K vs avg $1.00M ($-1)33%
Size:1,454 sqft vs avg 1,837 sqft33%
Price/sqft:$688 vs avg $65767%

More Insights

Built in 1930 (95 years old).
Condition: Built in 1930, this property is nearly a century old. While it benefits from a new roof (less than 1 year old), the interior, particularly the kitchen and bathroom, are severely outdated. The kitchen features old appliances, basic wood cabinets, and laminate countertops, suggesting a renovation from 30-50+ years ago. The bathroom has very old tile, a pedestal sink, and dated fixtures. The listing description itself notes the need for 'additional TLC or small reconfigurations' and highlights the 'potential for outdated systems (plumbing, electrical, HVAC).' These factors indicate that the property requires substantial repairs and rehabilitation to bring it up to modern standards and address potential issues with major systems, aligning with a 'poor' condition rating.
Year Built
1930
Close
-
List price
$1,000K
Original List price
$1.2M
Price/Sqft
$688
HOA
-
Days on market
-
Sold On
-
MLS number
GD25014641
Home ConditionPoor
Features
Patio
View-

About this home

First time on the market in over 16 years! This charming Duplex is perfect for homebuyers looking to offset some of their payment with rental income or for investors seeking a prime opportunity in a desirable location. Its proximity to film studios ensures consistent tenant demand, making it a reliable income generator. The location offers plenty of street parking, a private driveway, and approved plans to convert the garage into an ADU, providing even more income potential. With a bit of additional TLC or small reconfigurations, you could significantly increase the current rental income. Don’t miss this versatile property with endless possibilities! Unit 1 (shown in photos) is 604 Sq Ft, 1 bed/1bath with laundry room. Has access to a shared small back yard. Currently vacant but listed for rent for either a month to month lease or a 6 months lease, giving the new owner flexibility. Unit 2 is 950 Sq Ft, has a bonus room, large living room, dining room, and laundry room. The unit is currently occupied, but will be vacant within 60 days. *New roof (less than 1yr)

Nearby schools

7/10
Balboa Elementary School
Public,•K-6•1.4mi
8/10
Franklin Avenue Elementary School
Public,•K-6•4.1mi
7/10
Eleanor J. Toll Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•4.8mi
7/10
Herbert Hoover High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•4.1mi
Condition Rating
Poor
Built in 1930, this property is nearly a century old. While it benefits from a new roof (less than 1 year old), the interior, particularly the kitchen and bathroom, are severely outdated. The kitchen features old appliances, basic wood cabinets, and laminate countertops, suggesting a renovation from 30-50+ years ago. The bathroom has very old tile, a pedestal sink, and dated fixtures. The listing description itself notes the need for 'additional TLC or small reconfigurations' and highlights the 'potential for outdated systems (plumbing, electrical, HVAC).' These factors indicate that the property requires substantial repairs and rehabilitation to bring it up to modern standards and address potential issues with major systems, aligning with a 'poor' condition rating.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income to offset mortgage payments or serve as a pure investment vehicle.
ADU Conversion Potential: Approved plans to convert the garage into an Accessory Dwelling Unit (ADU) provide a significant opportunity to further increase rental income and property value.
Strong Tenant Demand Location: Located in Glendale with proximity to film studios, ensuring consistent tenant demand and a reliable income stream.
Recent Major Upgrade: A new roof, installed less than a year ago, addresses a significant capital expense and provides peace of mind for the new owner.
Flexible Occupancy for New Owner: Unit 1 is currently vacant with flexible lease options, and Unit 2 will be vacant within 60 days, offering the new owner full control over tenant selection and rental rates.

Cons

Age and Potential for Outdated Systems: Built in 1930, the property may have older infrastructure (plumbing, electrical, HVAC) that could require significant updates or maintenance in the near future.
Requires Additional Investment for Optimization: The description indicates that 'a bit of additional TLC or small reconfigurations' are needed to significantly increase rental income, implying immediate capital outlay post-purchase.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price, which may suggest previous overvaluation or market resistance.

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