Listed by Christian Garcia • Big Block Powerhouse Realty
$1,000,000
Est. payment /mo
0.26 Acres Lot
New
2246 Glenrose AVE Altadena, CA 91001
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25191140
Year Built 1924
Lot Size 0.263 Acres
Source California Regional MLS
Property Description
Location, Location, Location! Double the Assets, One Investment! Secure TWO properties at the price of ONE-an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! "2252 & 2246 Glenrose Ave" This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena's most sought-after neighborhoods. Zoned R3, the property offers incredible development potential-including multi-units with additional ADUs-making it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000K. Conveniently located just 7-10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway-this location is a true gem. The rebuild timeline can be surprisingly efficient-as little as 12-18 months-for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is - Buyer to conduct all due diligence.
Location
State CA
County Los Angeles
Area 604 - Altadena
Rooms
Kitchen Oven Range - Gas
Interior
Heating Other
Cooling Window / Wall Unit
Laundry 30
Exterior
Garage Spaces 4.0
Pool 31, None
Roof Type Shingle
Building
Story One Story
Foundation Concrete Perimeter
Water Hot Water, Private, District - Public
Others
Tax ID 5835018016
Special Listing Condition Not Applicable
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