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Seller's Agent in 2022
Kirk Garabedian
Keller Williams R. E. Services
(818) 298-8810
2 in this area
32 Total Sales
Estimated Value: $1,032,000 - $1,219,000
We are pleased to present 1046 Western Avenue in Glendale, California, a well-maintained duplex plus an older single family residence structure situated on a large 7,400 square foot parcel. This property presents a development opportunity when purchased with the adjacent property at 1050 Western Avenue. The Subject site is approximately 1,855 square feet (according to assessor date) and includes a duplex with 1 bedroom and 1 bathroom in each unit. These existing units can easily garner a much higher market rent with little effort. The older structure will likely need to be either rebuilt or torn down per Glendale requirements and code.
The property is in a great location with frontage on Western Avenue just south of Glenoaks and north of San Fernando Road. It is centrally located between Burbank and Glendale and includes easy freeway access.
Directly adjacent to the property is 1050 Western Avenue, which includes a 2-bedroom 1-bathroom single family residence, a detached garage, a long driveway and an expansive back yard all situated on a 7,750 square foot parcel. When combined with the Subject Property the total lot size will be over 15,180 square feet with a width of approximately 97’ on Western Avenue. This wide linear frontage is important, as Glendale provides bonus density for lots which have frontage wider than 90-feet. All Buyers and investors are encouraged to conduct their own research regarding the construction potential of these properties; the opportunity to build multiple units is possible for a developer or investor to take advantage and build a generational legacy project.
Ownership would prefer to sell both 1050 Western Avenue and 1046 Western Avenue together and close simultaneously. The two properties are being sold in their AS IS WHERE IS condition. Call the listing agent for additional details or to set up a tour.
Last Agent to Sell the Property
Keller Williams R. E. Services License #01216376 Listed on: 02/17/2022
Last Buyer's Agent
Keller Williams R. E. Services License #01216376 Listed on: 02/17/2022
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martirosova Svetlana | -- | Chicago Title | |
| Burroughs James Dewey | -- | None Available | |
| Burroughs James Dewey | -- | None Available | |
| Burroughs James Dewey | -- | None Available | |
| Burroughs James Dewey | -- | None Available | |
| Burroughs James | -- | -- | |
| Burroughs James | -- | -- | |
| Burroughs James | -- | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Sold | $1,000,000 | +0.1% | $539 / Sq Ft |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 02/17/2022 02/17/22 | For Sale | $999,000 | -- | $539 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,561 | $1,061,207 | $822,436 | $238,771 |
| 2024 | $11,561 | $1,040,400 | $806,310 | $234,090 |
| 2023 | $11,297 | $1,020,000 | $790,500 | $229,500 |
| 2022 | $1,328 | $98,677 | $57,121 | $41,556 |
| 2021 | $1,297 | $96,743 | $56,001 | $40,742 |
| 2020 | $1,278 | $95,752 | $55,427 | $40,325 |
| 2019 | $1,252 | $93,876 | $54,341 | $39,535 |
| 2018 | $1,198 | $92,036 | $53,276 | $38,760 |
| 2016 | $1,124 | $88,463 | $51,208 | $37,255 |
| 2015 | $1,104 | $87,135 | $50,439 | $36,696 |
| 2014 | $1,118 | $85,429 | $49,451 | $35,978 |
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Seller's Agent in 2022
Kirk Garabedian
Keller Williams R. E. Services
(818) 298-8810
2 in this area
32 Total Sales
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Seller Co-Listing Agent in 2022
Kimberly Ann Meyer
Keller Williams R. E. Services
(818) 432-3200
2 in this area
6 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD22031481
APN: 5623-025-023