2246 Glenrose Avenue, Altadena, California 91001, Altadena, 91001 - bed, bath

2246 Glenrose Avenue
Altadena, California 91001
Property Price
SUMMARY
Analysis of 2246 Glenrose Avenue, Altadena, California 91001 reveals a property with a current list price of $1,000,000, which is 20% above the estimated $830,894 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Altadena 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 |
|---|---|---|---|---|---|---|
★ 2246 Glenrose Avenue Subject | $1,000,000* List Price | 1,124 | $739 | - | ||
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 597 W Mendocino Street Sold | $785,597 | 2 | 1 | 877 | $896 | 0.8 mi |
E 978 Lehigh Sold | $848,000 | 2 | 1 | 960 | $883 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- High Development Potential
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.
- Prime Strategic Location
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.
CONSRISKS & DEFICIENCIES
- Significant Remediation Required
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.
- Restricted Access and Due Diligence Burden
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.
About 2246 Glenrose Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 11,478 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 5% |
| Baths | - | 2.0 | 5% |
| Square foot | 1,124 | 1,798 | 19% |
| Lot Size | 11,478 | 9,174 | 73% |
| Price | $1.00M | $1.14M | 39% |
| Price per sq ft | $890 | $685 | 80% |
| Built year | 1924 | 1946 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 194 | 170 | 67% |
Pricing History
Listed for Sale
Aug 24, 2025
$1,000,000
Initial Listing


