Description
GLR4YY-Zoned Glendale Property with Expansion Plans in Progress This 2-bedroom, 1-bathroom home in desirable Glendale presents an exceptional investment and development opportunity. The property is located in one of the best rental areas in Glendale, making it especially attractive for investors seeking strong and stable income potential. The house is generating $3,150 per month in rental income, providing immediate cash flow. After a two-year waiting period, the owner has secured their turn to submit architectural plans to the Glendale Design Review Board for approval. PROPOSED IMPPROVEMENTS INCLUDE: REAR NEW CONSTRUCTION: Brand-new two-story residence 2 bedrooms, 3 bathrooms 1,783 sq ft of living space 512 sq ft attached garage Open -concept layout with spacious living areas FROM EXISTING HOME EXPANSION: Addition of 416 sq ft Total living space to become 1,380 sq ft Reconfigured to 3 bedrooms and 2 bathrooms Open floor plan with improved flow and functionality Upon approval, the owner will also have the opportunity to convert the existing front house garage into a Junior ADU (Accessory Dwelling Unit), creating additional rental income potential. Agents can access and review the complete architectural plan set and related invoice in the MLS listing supplements. The new buyer will be responsible for paying the required fees and formally submitting the plans for review. This property offers a rare chance to acquire a home with expansion plans prepared and ready for submission ideal for investors, developers, or owner-users looking to maximize value and income potential.
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2BEDS
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0.2ACRES
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1BATHS
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01/2 BATHS
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981SQFT
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$1,272$/SQFT
School Ratings & Info
Description
GLR4YY-Zoned Glendale Property with Expansion Plans in Progress This 2-bedroom, 1-bathroom home in desirable Glendale presents an exceptional investment and development opportunity. The property is located in one of the best rental areas in Glendale, making it especially attractive for investors seeking strong and stable income potential. The house is generating $3,150 per month in rental income, providing immediate cash flow. After a two-year waiting period, the owner has secured their turn to submit architectural plans to the Glendale Design Review Board for approval. PROPOSED IMPPROVEMENTS INCLUDE: REAR NEW CONSTRUCTION: Brand-new two-story residence 2 bedrooms, 3 bathrooms 1,783 sq ft of living space 512 sq ft attached garage Open -concept layout with spacious living areas FROM EXISTING HOME EXPANSION: Addition of 416 sq ft Total living space to become 1,380 sq ft Reconfigured to 3 bedrooms and 2 bathrooms Open floor plan with improved flow and functionality Upon approval, the owner will also have the opportunity to convert the existing front house garage into a Junior ADU (Accessory Dwelling Unit), creating additional rental income potential. Agents can access and review the complete architectural plan set and related invoice in the MLS listing supplements. The new buyer will be responsible for paying the required fees and formally submitting the plans for review. This property offers a rare chance to acquire a home with expansion plans prepared and ready for submission ideal for investors, developers, or owner-users looking to maximize value and income potential.
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