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241 N Verdugo Road, Glendale, California 91206, Glendale, 91206 - 2 bed, 2 bath

241 N Verdugo Road, Glendale, California 91206 home-pic-0
ACTIVE$949,000
241 N Verdugo Road, Glendale, California 91206
2Beds
2Baths
1,222Sqft
6,578Lot
Year Built
1921
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$777
HOA
-
Days on market
-
Sold On
-
MLS number
GD25144658
Home ConditionPoor
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $949.0K(43th), sqft - 1222(29th), beds - 2(86th), baths - 2(86th).

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
The property, built in 1921, is explicitly described as '2 fixer units' requiring 'substantial capital investment and renovation work.' The property analysis confirms 'outdated infrastructure' and 'potential for hidden maintenance issues.' While no interior images are provided, the 'fixer' designation strongly indicates that the kitchens, bathrooms, and other interior components are in poor condition, outdated, and require significant rehabilitation to meet modern standards. The age and description align with the 'poor' criteria of requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Exceptional Development Potential: The property offers significant upside with commercial zoning, ADU development opportunities (including a potential second ADU), and the unique chance to acquire contiguous properties for a large-scale 16-unit residential development.
Prime & Central Location: Situated in prime Glendale, the property boasts a highly desirable location near schools, supermarkets, restaurants, and is just minutes from vibrant areas like Silver Lake, Atwater Village, downtown Glendale, Burbank, and Walt Disney Studios, ensuring strong rental demand.
Commercial Zoning: The commercial zoning provides flexibility for various uses beyond traditional residential, enhancing the property's value and potential for diverse investment strategies.
Income-Generating Duplex: As a duplex with two standalone 1-bedroom/1-bath units, the property offers immediate income potential, even in its current 'fixer' state, providing a foundation for cash flow.
Large Lot Size: The generous 6578 sqft lot provides ample space for current private backyards and is crucial for realizing the extensive ADU and multi-unit development opportunities.

Cons

Requires Significant Renovation: Both units are described as 'fixer units,' indicating that substantial capital investment and renovation work will be necessary to modernize them and maximize rental income or resale value.
Age of Property: Built in 1921, the property is over a century old, which may imply outdated infrastructure, potential for hidden maintenance issues, and higher costs associated with bringing systems up to current codes.
Limited Current Unit Configuration: Each unit is a 1-bedroom/1-bath, which might limit the immediate tenant pool or rental income potential compared to properties with larger unit configurations, especially before renovations.

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