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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. 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. Please do not disturbed tenants, monthly rent is $3K, tenant's are paying for gas and light bill.
Property Type(s):
Residential Income
| Last Updated | 8/25/2025 | Year Built | 1924 |
|---|---|---|---|
| Community | 604 - Altadena | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Water Heater |
| AREA | 604 - Altadena |
| HEAT | See Remarks |
| LOT | 0.2635 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Available, Sewer Available, Water Available |
| WATER | Public, Private |
Location
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Listed with Big Block Powerhouse Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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