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241 N Verdugo Road, Glendale, California 91206, Glendale, 91206 - bed, bath

241 N Verdugo Road, Glendale, California 91206 home-pic-0
ACTIVE$1,075,000
241 N Verdugo Road, Glendale, California 91206
0Bed
0Bath
1,222Sqft
6,578Lot
Year Built
1921
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$880
HOA
-
Days on market
-
Sold On
-
MLS number
GD25129059
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.07M(43th), sqft - 1222(29th), beds - undefined(50th), baths - undefined(50th).

Duplex in prime Glendale! This property is commercially zoned and includes 2 fixer units each with standalone 1 bedroom/1 bath and two private backyards. Great investment for commercial, residential and/or owner-occupied use! Additional highlights include a 1-large-car garage, a potential ADU development opportunity or possibly even the ability to build a 2nd ADU in the backyard. There is also the opportunity to buy 1or 2 contiguous properties next door, currently listed for sale, with the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village, downtown Glendale, Burbank, Walt Disney Studios and the Rose Parade route. This treasured duplex reflects true pride of ownership and is a superb investment property that will not last long in this hot market!

Condition Rating
Poor
Built in 1921, this property is explicitly described as containing '2 fixer units' requiring 'extensive renovation.' While exterior images show a maintained facade, the lack of interior photos, combined with the age and 'fixer' designation, strongly indicates that the kitchens, bathrooms, and all major systems (electrical, plumbing, HVAC) are severely outdated, likely original, and in need of substantial repairs and rehabilitation to meet current standards. The property's value is primarily in its development potential, not the current structures' condition.
Pros & Cons

Pros

Exceptional Development Potential: Significant opportunity to acquire contiguous properties for large-scale development (up to 16 residential units), complemented by on-site ADU development potential.
Prime Commercial Zoning: Commercially zoned, offering versatile use for commercial, residential, or owner-occupied investment, enhancing market flexibility and value.
Strategic Central Location: Centrally located near schools, supermarkets, diverse dining, and major entertainment hubs like Disney Studios, Burbank, and downtown Glendale.
Income-Generating Duplex: Provides immediate rental income from two standalone 1-bedroom/1-bath units, suitable for investors or owner-occupants seeking rental income.
Private Outdoor Spaces: Each unit benefits from a private backyard, a desirable amenity that enhances tenant appeal and quality of life.

Cons

Extensive Renovation Required: Described as 'fixer units,' indicating a need for significant capital investment and effort to modernize and bring the units to current market standards.
Advanced Age of Property: Built in 1921, the property likely requires updates to aging infrastructure, systems, and may present historical maintenance challenges.
Small Unit Footprint: Each 1-bedroom/1-bath unit is relatively small (approximately 600 sqft), which might limit the tenant pool or rental income potential compared to larger units.

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