2246 Glenrose Avenue, Altadena, California 91001, Altadena, 91001 - 0 bed, 0 bath
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Altadena, California 91001
This Multi-Unit Development Asset is listed at $1,000,000, representing a strategic acquisition of two adjacent parcels despite the $830,894 Fair Market Value. The expansive 11,478 sq ft lot boasts R3 Zoning potential, offering a rare canvas for multi-unit construction and additional ADUs. Currently in Unlivable Condition, the property provides a high-ceiling investment play near JPL and the Rose Bowl with scenic Mountain Views. This is an ideal project for Real Estate Developers or Savvy Investors focused on maximizing high-density residential ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2246 Glenrose Avenue Subject | $960,000* List Price | 0 | 0 | 1,124 | $770 | - |
A 2345 El Sol Avenue Sold | $890,000 | 3 | 1 | 1,078 | $826 | 0.7 mi |
B 622 W Mariposa Street Sold | $850,000 | 3 | 2 | 1,235 | $688 | 0.9 mi |
C 2603 N Windsor Avenue Sold | $799,000 | 2 | 2 | 1,228 | $651 | 0.9 mi |
D 978 Lehigh Sold | $848,000 | 2 | 1 | 960 | $883 | 1.0 mi |
E 597 W Mendocino Street Sold | $785,597 | 2 | 1 | 877 | $896 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property, built in 1924, is in unlivable condition and appears to require complete demolition and debris clearance. The listing marketing focuses entirely on the 11,478 sq ft lot's R3 development potential rather than the existing structure, which images show to be severely dilapidated or partially destroyed.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11478, living area = 1124.
The expansive 11,478 sq ft lot with R3 zoning potential allows for multi-unit construction and additional ADUs, offering significant long-term value for builders and investors.
Situated within 10 minutes of major landmarks like JPL, the Rose Bowl, and the 210 Freeway, the property is in a highly sought-after area with strong rental and resale demand.
The property is sold in 'As-Is' condition and requires debris clearance and potential remediation, indicating substantial upfront costs and effort before development can begin.
Currently limited to 'Drive-by Only' with strict entry requirements, placing a heavy burden on the buyer to independently verify complex zoning and environmental remediation needs.
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 diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only — Please do not enter the property, 48 hours noticed in order to enter the property. Property shall be delivered vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 1,124 | 1,820 | 15% |
| Lot Size | 11,478 | 9,000 | 73% |
| Price | $960.0K | $1.24M | 27% |
| Price per sq ft | $854 | $738 | 72% |
| Built year | 1924 | 1947 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 241 | 179 | 85% |
Mar 11, 2026
$960,000
$1,000,000
-4% Price Drop
Initial Listing
Aug 24, 2025
$1,000,000
Initial Listing