529 Naranja Drive, Glendale, California 91206, Glendale, 91206 - 3 bed, 4 bath
ACTIVE$749,999
529 Naranja Drive, Glendale, California 91206
3Beds
4Baths
1,200Sqft
4,003Lot
Price Vs. Estimate
The estimated value ($749,999) is $0 (0%) lower than the list price ($749,999). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Investment & Income Potential: The property offers strong investment potential with the possibility of legal duplex conversion, existing non-permitted bonus units with kitchens and baths, and competitive pricing compared to neighboring condos.
Top Cons:
Non-Permitted Bonus Spaces: The two bonus spaces with kitchens and baths are non-permitted, which could lead to legal complications, require costly legalization, or impact financing and insurance options.
Compared to the nearby listings
Price:$750.0K vs avg $1.57M ($-822,501)3%
Size:1,200 sqft vs avg 2,102.5 sqft10%
Price/sqft:$625 vs avg $76717%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property has had essential system updates (plumbing, electrical, roof) providing 'solid bones.' However, the visible interior and exterior elements, such as older tile flooring, traditional light fixtures, and the presence of a window AC unit instead of central HVAC, indicate that the property's aesthetic and comfort features are outdated. The lack of specific photos for kitchens and bathrooms, coupled with the 'non-permitted' nature of bonus spaces, suggests these areas likely require significant updates to meet modern standards and preferences. It's functional but shows its age and needs cosmetic and comfort-related renovations.
Year Built
1921
Close
-
List price
$750K
Original List price
$800K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
GD25218208
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Skip the HOA fees and own land in Glendale! Neighboring condos are selling near $800K this home offers even more potential under $900K. Main house features 2 beds, 2 baths, plus two non-permitted bonus spaces with kitchens and baths. Updated plumbing, electrical, and newer roof give it solid bones. Compact lot with a lush garden, minutes from the new Erewhon Glendale. With approvals, this property could become a legal duplex, ideal for income or multi-gen living. Buyers/agents to verify all info. Title shows 951 sq ft.
Condition Rating
Fair
Built in 1921, this property has had essential system updates (plumbing, electrical, roof) providing 'solid bones.' However, the visible interior and exterior elements, such as older tile flooring, traditional light fixtures, and the presence of a window AC unit instead of central HVAC, indicate that the property's aesthetic and comfort features are outdated. The lack of specific photos for kitchens and bathrooms, coupled with the 'non-permitted' nature of bonus spaces, suggests these areas likely require significant updates to meet modern standards and preferences. It's functional but shows its age and needs cosmetic and comfort-related renovations.
Pros & Cons
Pros
Significant Investment & Income Potential: The property offers strong investment potential with the possibility of legal duplex conversion, existing non-permitted bonus units with kitchens and baths, and competitive pricing compared to neighboring condos.
Key System Upgrades: Major systems including plumbing, electrical, and the roof have been updated, providing 'solid bones' and reducing immediate maintenance concerns for a 1921-built home.
No HOA Fees: Ownership of the land without the burden of Homeowners Association fees offers a significant financial advantage and greater autonomy compared to condominium living.
Prime Glendale Location: Situated in a desirable Glendale area, the property is minutes from amenities like the new Erewhon, enhancing its appeal to a broad range of buyers.
Multi-Generational Living Flexibility: The presence of bonus spaces with kitchens and baths, coupled with the potential for duplex conversion, makes this property highly adaptable for multi-generational families or co-living arrangements.
Cons
Non-Permitted Bonus Spaces: The two bonus spaces with kitchens and baths are non-permitted, which could lead to legal complications, require costly legalization, or impact financing and insurance options.
Square Footage Discrepancy: There is a notable difference between the advertised 1200 sqft and the title's 951 sqft, necessitating thorough verification by buyers and potentially affecting valuation and usable space perception.
Compact Lot Size: The property features a 'compact lot,' which may limit outdoor living space, gardening opportunities, or future expansion possibilities for buyers seeking larger exterior areas.