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1046 Western Ave, Glendale, CA 91201
6
beds
4
baths
2744
ft2
· 15185
ft2 lot
$2,200,000
$802 / ft2
Listing provided courtesy of Krikor Garabedian, Keller Williams R.E. Services.
Source CRMLS.
We are pleased to present 2 adjacent lots in the City of Glendale, which include a 3-Unit Property and an adjacent Single Family Residence just south of Glenoaks Boulevard on Western Avenue. The Triplex is located at 1046 Western Avenue, and has 2 units towards the rear, which are fully occupied and a separate house in the front which is currently inhabitable and in need of major repair or teardown. The adjacent parcel, located at 1050 Western Avenue, includes a 2-bedroom 1-bathroom Single Family Residence, which is currently occupied by a long-term tenant on a month to month lease. According to public data, the parcels total 15,185 square feet, with dimensions of 97’ wide by 159.37’ deep. The zoning of the property is R2250, which is a Glendale Medium Density Zoning. According to Glendale municipal code, lots which have a width of 90 feet or greater can calculate 1 dwelling unit for each 1,800 square feet of land. Based on our translation, a developer can build a total of 8 dwelling units on these two lots. All Buyers are encouraged to conduct their own investigation and should not rely solely on this data for investment or future development purposes. The property is currently generating income of $4,100 per month. A developer can purchase this property and have income to support holding costs while going through the entitlement process. That in conjunction with the superior location of this asset, makes this offering truly a compelling property in today’s market.
HOA
$—/month
On market
5 months
Year built
1941
Property type
Multi-Family
Parking
8
MLS
GD20247436
Price / Sq.Ft.
$802 / ft2
Status
Active
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Based on a price of $2,200,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 2744.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 8.00
Building Info
•   
Building Area Units: Square Feet
•   
Num Stories: One
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3486
•   
Additional Parcels Description: 5623025022
•   
Lot Size Area: 15185.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 4
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Cap Rate: 0.81
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 23709.00
•   
Insurance Expense: 2500.00
•   
Total Expenses: 30709.00
•   
Gross Scheduled Income: 49200.00
•   
Operating Expense: 30709.00
Tax/Assessment Info
•   
Gross Income: 49200.00
•   
Tax Year: 2020
•   
Taxes: 1277.0
Lease Info
•   
Net Operating Income: 18491.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1200.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1200.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1100.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1100.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1800.00
•   
Unit 1 Total Rent: 1800.00
Unit 4 Information
•   
Unit 4 Actual Rent: 0.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 4
School Neighborhood & Directions
Location
•   
Community Features: Urban
•   
Directions: Property includes 2 parcels - 1046 & 1050 Western Avenue
Other
Calculation
•   
Dom: 13
•   
Cdom: 13
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 8:46am
Neighborhood snapshot
13
Properties for sale
23
Median days on market
$571.79
Median sold price/sqft
102.99%
Sold/List %
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Property History
11/27/2020
11/27/2020
CRMLS #GD20247436
active
CRMLS #GD20247436
$2,200,000
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