833 Pepper Way, Glendale, California 91205, Glendale, 91205 - 4 bed, 3 bath
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833 Pepper Way
Glendale, California 91205
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,309Sq Ft
3,104Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$830,097
14% AboveMARKET VALUE
SUMMARY
This Residential Income Triplex presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned above the $830,098 Fair Market Value. While the property requires a comprehensive rehab due to its Condition Rating of 5, the recent installation of a new roof and gate provides a solid foundation for value-add improvements. Featuring a versatile unit mix and a private patio, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs in a prime Glendale location.
Estimated Market Value
$830,097
Based on Realkey algorithm analyzing recent comparable sales in Glendale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 833 Pepper Way Subject | $949,000* List Price | 4 | 3 | 1,309 | $634 | - |
A 423 S Chevy Chase Active | $1,195,000 List Price | 4 | 2 | 1,423 | $840 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922 with significant deferred maintenance visible in photos, including torn exterior awnings and cardboard-sealed window AC units. The interior features dated popcorn ceilings and lacks central HVAC, indicating the property needs a comprehensive rehab despite the recent roof replacement.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
This triplex offers a versatile owner-user opportunity with one vacant unit ready for immediate occupancy, allowing a buyer to offset their mortgage with rental income from the other two units.
- Recent Capital Improvements
The property features a brand-new roof and a new gate, providing immediate value and reducing the need for significant near-term maintenance expenditures.
- Prime Glendale Location
Ideally situated near major freeways, shopping, and dining, the property’s location ensures high tenant demand and long-term appreciation in a desirable submarket.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Compact Living Areas
With only 1,309 total square feet divided among three units, the individual residences are notably small, which may limit the pool of prospective long-term tenants.
- Century-Old Structure
Originally built in 1922, the property may require additional investment to modernize aging plumbing, electrical, or foundation systems typical of homes from this era.
About 833 Pepper Way
LIVE IN ONE. RENT THE OTHERS. BUILD YOUR FUTURE! This Glendale triplex offers an exciting opportunity to enjoy the benefits of homeownership while generating rental income from the same property. Featuring one 2-bedroom, 1-bathroom residence and two 1-bedroom, 1-bathroom residences, one unit is currently vacant and ready for potential owner occupancy. Recent improvements include a new roof and new gate, adding value and peace of mind. Each unit provides its own living space and separate utility meters, while a detached garage and outdoor common area add convenience. Ideally located near shopping, dining, transportation, and major freeways, this property is a smart opportunity for an owner-user or investor. Live in one. Rent the others. Let your property work for you!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 3,104 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,309 | 2,293.143 |
| Lot Size | 3,104 | 7,858.286 |
| Price | $949.0K | $1.26M |
| Price per sq ft | $725 | $585 |
| Built year | 1922 | 1938 |
| HOA | $0 | $0 |
| Days on market | 13 | 60 |
Pricing History
Listed for Sale
Aug 27, 2026
$949,000
Initial Listing
Sold
Sep 15, 2021
$800,000
Public Record
Sold
Aug 14, 2003
$207,000
Public Record