1850 Lake, Glendale, California 91201, Glendale, 91201 - 2 bed, 1 bath
1850 Lake
Glendale, California 91201
Property Price
SUMMARY
Analysis of 1850 Lake, Glendale, California 91201 reveals a property with a current list price of $799,000, which is 8% above the estimated $737,164 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Glendale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1850 Lake Subject | $799,000* List Price | 2 | 1 | 938 | $786 | - |
A 1406 Fairfield Sold | $1,010,000 | 2 | 1 | 1,313 | $769 | 0.7 mi |
B 1523 Randall Street Sold | $980,000 | 3 | 2 | 1,288 | $761 | 0.5 mi |
C 426 Sonora Avenue Active | $888,888 List Price | 2 | 1 | 1,051 | $846 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1928 and explicitly marketed as a 'Probate Fixer,' this property requires substantial rehabilitation and repairs. The listing description advises buyers to bring a 'hammer' and 'vision,' indicating significant deferred maintenance and outdated systems. The primary value lies in the R-3 zoned lot and development potential rather than the current state of the 938 sqft structure.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-3 zoning on a 6,745 sqft lot offers significant value-add potential, allowing for the construction of additional units in the back while remodeling the existing front house.
- Simplified Probate Sale
As a probate listing with no court confirmation required, the transaction offers a more streamlined and predictable closing process for investors and developers.
- Strong Educational District
The property is located within the Glendale Unified school district, served by highly-rated institutions like Franklin Avenue Elementary and John Marshall Senior High.
CONSRISKS & DEFICIENCIES
- Extensive Repairs Needed
Marketed as a 'fixer' requiring a 'vision and a hammer,' the property will necessitate substantial capital expenditure to address its current condition.
- Small Existing Footprint
The current residence is limited to just 938 square feet and a single bathroom, which may be insufficient for modern residential needs without a costly expansion.
About 1850 Lake
Probate Fixer on an R-3 lot! No court confirmation! Great potential to build some units in the back and remodel and potentially expand the front house. Must see this property and neighborhood. Come with a vision and a hammer. There are no opportunities like this in Glendale at this price! Buyers and their agents to verify all zoning with the city.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 6,745 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Glendale Unified Schools
Balboa Elementary School
Grades K-6 • 1.4 mi
Franklin Avenue Elementary School
Grades K-6 • 4.3 mi
Eleanor J. Toll Middle School
Grades 6-8 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 938 | 1,550 | 9% |
| Lot Size | 6,745 | 7,824.5 | 41% |
| Price | $799.0K | $1.38M | 5% |
| Price per sq ft | $852 | $859 | 50% |
| Built year | 1928 | 1938 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 171 | 5% |
Pricing History
Listed for Sale
Mar 3, 2026
$799,000
Initial Listing