
Glendale, California 91206
This property presents a High-Potential Investment Opportunity with a List Price of $1,310,000—positioned above the $1,239,619 Fair Market Value by 5%. While the current structure carries a Condition Rating of 6, the primary value lies in the GLR4-zoned 6,625 sq. ft. lot, which supports high-density multi-unit development. Featuring a pool, spa, and patio, this asset offers significant long-term upside in a competitive rental market. This is a strategic acquisition ideal for Multi-Unit Developers or Buy-and-Hold Investors seeking to capitalize on Glendale’s strong housing demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 Piedmont Subject | $1,310,000* List Price | 3 | 1 | 1,040 | $1,192 | - |
A 861 Monterey Road Active Under Contract | $949,000 List Price | 2 | 1 | 1,032 | $920 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1921 (>100 years old) with no mentioned renovations; the listing is explicitly marketed as a development opportunity for high-density multi-unit construction, indicating the value is in the land rather than the aging structure.
An outstanding opportunity awaits developers and investors looking to capitalize on a GLR4-zoned property in the heart of Glendale. This versatile zoning supports multi-unit construction, making it an ideal site for a high-density residential development. The current improvements include a charming 3-bed, 1-bath single-family home offering 1,040 sq. ft. of living space on a generous 6,625 sq. ft. lot. Built in 1921, the home carries classic character and sits in a prime location close to schools, shopping, dining, and public transit. With its sizable lot and redevelopment-friendly zoning, the property presents a rare chance to transform the site into a multi-unit residential building. Glendale’s strong rental demand and competitive housing market further enhance the appeal, positioning this parcel as a promising investment with significant long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,040 | 1,840.346 |
| Lot Size | 6,625 | 7,684.964 |
| Price | $1.31M | $700.6K |
| Price per sq ft | $1.3K | $383 |
| Built year | 1921 | 1980 |
| HOA | $0 | $137 |
| Days on market | 8 | 63 |
Sep 1, 2026
$1,310,000
Initial Listing