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421 Piedmont Avenue, Glendale, California 91206, Glendale, 91206 - 3 bed, 1 bath

421 Piedmont Avenue, Glendale, California 91206 home-pic-0
ACTIVE$1,450,000
421 Piedmont Avenue, Glendale, California 91206
3Beds
1Bath
1,040Sqft
6,625Lot

Price Vs. Estimate

The estimated value ($1,332,557.385) is $117,442.615 (8%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Opportunity: Zoned GLR4, allowing for the construction of multi-unit buildings, ideal for high-density residential projects.
Top Cons:
Older Property: The existing single-family home was built in 1921, potentially requiring significant renovation or demolition for redevelopment.

Compared to the nearby listings

Price:$1.45M vs avg $1.57M ($-122,500)40%
Size:1,040 sqft vs avg 2,102.5 sqft9%
Price/sqft:$1.4K vs avg $77499%

More Insights

Built in 1921 (104 years old).
Condition: The property was built in 1921 and the images show a very outdated kitchen and bathroom. The property requires substantial repairs and rehabilitation. The kitchen has old appliances and cabinets. The bathroom is also outdated. Given the age and visible condition, it falls into the 'poor' category.
Year Built
1921
Close
-
List price
$1.45M
Original List price
$1.52M
Price/Sqft
$1,394
HOA
-
Days on market
-
Sold On
-
MLS number
SR24191728
Home ConditionPoor
Features
Patio
View-

About this home

Presenting an excellent opportunity for developers and investors seeking to maximize the potential of a property zoned GLR4 in the heart of Glendale. This zoning allows for the construction of multi-unit buildings, making it perfect for those looking to create a high-density residential project. Currently, the property features a charming 3-bedroom, 1-bathroom single-family home with 1,040 sq. ft. of living space, sitting on a spacious 6,625 sq. ft. lot. Built in 1921, this home offers classic character and is ideally situated in a highly desirable location, close to schools, shopping, dining, and transit. The lot size and zoning provide ample space for redevelopment into a multi-unit residential building. With Glendale's thriving rental market and increasing demand for housing, this property offers exceptional potential for a lucrative investment.

Condition Rating
Poor
The property was built in 1921 and the images show a very outdated kitchen and bathroom. The property requires substantial repairs and rehabilitation. The kitchen has old appliances and cabinets. The bathroom is also outdated. Given the age and visible condition, it falls into the 'poor' category.
Pros & Cons

Pros

Development Opportunity: Zoned GLR4, allowing for the construction of multi-unit buildings, ideal for high-density residential projects.
Large Lot Size: Spacious 6,625 sq. ft. lot provides ample space for redevelopment.
Prime Location: Located in a highly desirable area of Glendale, close to schools, shopping, dining, and transit.

Cons

Older Property: The existing single-family home was built in 1921, potentially requiring significant renovation or demolition for redevelopment.
Single Family Residence: Currently a 3-bedroom, 1-bathroom single-family home, which may not appeal to buyers looking for immediate rental income without redevelopment.

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