
Glendale, California 91208
This 1932 Monterey-style estate represents a High-Potential Investment Opportunity, listed at $2,395,000—positioned well below the $2,484,855 Fair Market Value by 3%. This valuation gap provides $89,855 in Instant Equity. With a Condition Rating of 4, the home features authentic period details and a piano-shaped pool on a massive 16,506sf lot. While the kitchen requires modernization, the property offers significant upside for Value-Add Investors and Owner-Occupants seeking a prestigious Montecito Park address with award-winning schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3117 Sparr Boulevard Subject | $2,395,000* List Price | 4 | 4 | 3,790 | $656 | - |
A 2707 Hermosita Drive Sold | $2,659,000 | 4 | 4 | 3,548 | $749 | 0.7 mi |
B 2420 Delisle Court Sold | $1,770,000 | 4 | 3 | 2,528 | $700 | 0.8 mi |
C 3232 Vickers Drive Sold | $1,895,000 | 3 | 2 | 2,528 | $750 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, this estate shows excellent long-term maintenance but is dated by modern standards. While it features a necessary 200-amp electrical upgrade and some bathroom refreshes, the kitchen remains functional but significantly dated with older yellow tile and appliances. The mix of original features and mid-century updates suggests a need for cosmetic renovations to the kitchen and flooring to reach a 'Good' or 'Excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16506, living area = 3790.
This 1932 Monterey-style estate features authentic period details including wood beam ceilings, oak floors, and a Spanish tile roof, offering rare character in the prestigious Montecito Park neighborhood.
Situated on a generous 16,500+ sqft lot, the property boasts mature landscaping, a unique piano-shaped pool, and multiple outdoor entertaining zones with canyon and mountain views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3790, other record living area = 3057.
Having been under the same ownership for 52 years, the home likely requires significant cosmetic updates and contemporary renovations to align with modern luxury preferences.
The property’s hillside nature, featuring various stairwells and a bridge to the yard, may present accessibility challenges or a fragmented flow for buyers seeking a traditional open floor plan.
This is one of a handful of great grand homes in Glendale’s very sought after Montecito Park neighborhood. In 1932, L.V. Lawhead selected this parcel of over 16,000sf on which to build this elegant two-story Monterey. It has been a joy for the current Owners during their 52 years of stewardship of this estate. A brick path and stairs lead through a shroud of mature trees to the welcoming front door of this four bedroom of over 3,700sf. The formal entry opens to the grand formal living room with a true wood beam ceiling, gorgeous oak floors, multi-pane windows and a beautiful fireplace. The entry also opens to the private wood paneled office that has its own fireplace as well. The bright kitchen opens to the family room and a wet bar that overlooks the rear grounds. This first floor includes a large formal dining room and a guest bath as well. Upstairs there are four bedrooms, three baths, and another home office. The primary suite enjoys a large bedroom with its own sitting area/study with a view, its own primary bath, and a private bridge that leads to the upper rear yard. There is also a hidden stairwell off the entry that leads to yet another surprising family room with its own gorgeous fireplace and egress to the side yard. The rear grounds have a large outdoor entertaining area, a piano shaped pool, and extensive grounds for gardening and elevated sitting areas on which to simply enjoy the beautiful surroundings. Just a few of the features include an updated 200amp electrical panel, authentic Spanish tile roof, a detached two car garage, and the award-winning schools of this special neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 4.0 | 3.0 | 85% |
| Square foot | 3,790 | 2,002 | 96% |
| Lot Size | 16,506 | 8,806 | 89% |
| Price | $2.40M | $1.66M | 96% |
| Price per sq ft | $632 | $814 | 9% |
| Built year | 1932 | 1950 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 112 | 6% |
Jun 5, 2026
$2,395,000
Initial Listing