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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,000,000

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25191140

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1924

Lot Size 0.263 Acres

Property Sub-Type Single Family Residence

Property Description

Location, Location, Location! Double the Assets, 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 for sale!

This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena's most sought-after neighborhoods. Subject to change-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 $144,000.
Conveniently located just 7 to 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 to 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.
Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County.
Drive-by Only — Please do not enter the property, 48 hours noticed in order to enter the property. Property shall be delivered vacant.

Location

State CA

County Los Angeles

Area 604 - Altadena

Zoning LCR175

Interior

Interior Features Furnished

Heating See Remarks

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry Washer Hookup

Exterior

Fence None

Pool None

Community Features Street Lights

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Shingle

Accessibility Parking

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public, Private

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5835018016

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Christian Garcia Big Block Powerhouse Realty 424-703-7030

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+1(714) 376-8652

diego@1visionproperties.com

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2246 Glenrose AVE Altadena, CA 91001