Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2430 Drury Lane Glendale, CA 91206

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Land/Lot - Glendale, CA

    Lot size:
    5,599.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 15 at 2:06 pm

    Property Features for 2430 Drury Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1R II
    Exterior features
    Community Features Included: Biking, Hiking, Mountainous, Suburban
    Standard status
    Active
    APN
    5662018016
    Lot size
    5,599.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Vanessa Brink

    Listing agent Vanessa Brink License #02218677

    Listing office Real Brokerage Technologies, Inc. 1420 Kettner Blvd., San Diego, CA

    Listing date Feb 26, 2026

    MLS# SR26042490 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Land in Chevy Chase

    Located in the Chevy Chase Canyon estate area of Glendale, this 5,599-square-foot lot presents an opportunity for building in a residential area. The property is situated in a neighborhood with streetlights and a suburban setting, near Chevy Chase Country Club, Downtown Glendale, Americana at Brand, local schools, shopping, and major freeways. The wooded parcel includes mature oak trees and a gentle upslope with an irregular shape. Select vantage points offer views. There is no HOA. Public sewer and water are available nearby, with buyer verification required with the city. This property is suitable for custom home development or land banking in an established canyon community. Buyers should confirm building feasibility with the City of Glendale Planning Department. The zoning is R1R II.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2143131
    Latitude
    34.1594202

    Nearby Similar for Sale

    • $6,500,000

      Architectural Office Building in Glendale

      Two-story, renovated office building on Canada Boulevard in Glendale.
      2505 Canada Boulevard, Glendale, CA 91208
      View Details
    • $150,000

      Established Salon on Colorado Street

      Operating Glendale beauty salon for sale with rental income.
      1358 E Colorado Street, Glendale, CA 91205
      View Details
    • $275,000

      Turnkey Bakery in Prime Location

      Profitable bakery with established customer base and growth potential.
      1250 W Glenoaks Boulevard, Glendale, CA 91201
      View Details
    • $4,495,000
      11,424 SF

      Glendale Multifamily Investment Opportunity

      Well-maintained 13-unit building in a desirable Glendale location.
      729 Raleigh St, Glendale, CA 91205
      View Details
    • $10,800,000
      25,480 SF

      Glendale Multifamily Investment Opportunity

      31-unit apartment building in Glendale with value-add potential.
      1818 Vassar St, Glendale, CA 91204
      View Details
    • $108,000

      Turn-Key Beauty Salon in Glendale

      Fully operational beauty salon with established branding in prime location.
      459 West Broadway, Glendale, CA 91204
      View Details
    • $550,000

      Glendale Hillside Development Opportunity

      Prime hillside lot with canyon and mountain views in Glendale.
      0 Arvin, Glendale, CA 91208
      View Details
    • $550,000

      Glendale Hillside Development Opportunity

      Prime hillside lot in Glendale with canyon and mountain views.
      0 Arvin, Glendale, CA 91208
      View Details
    • $300,000

      Glendale Restaurant Business Opportunity

      Fully operational poke restaurant in the heart of Glendale, California.
      106 W California Avenue, Glendale, CA 91203
      View Details
    • $150,000

      Glendale Land: Hillside Development Opportunity

      Residential parcel in Glendale with potential for custom home.
      56606 Greenwich Rd, Glendale, CA 91206
      View Details
    • $150,000

      Glendale Hillside Land Opportunity

      Residential land in Glendale with potential for luxury development.
      55607 Greenwich, Glendale, CA 91206
      View Details
    • $1,399,993
      3,570 SF

      Glendale Commercial Property with Dual Parcels

      Two adjacent buildings offer flexibility for business or investment purposes.
      1812 Victory Boulevard, Glendale, CA 91201
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in desirable Chevy Chase Canyon estate area.
    Where is this residential land & home lot located?
    The property is located at 2430 Drury Lane Glendale, CA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Highly desirable Chevy Chase Canyon estate area location in Glendale.; Expansive 5,599 sq ft lot suitable for custom home development or land banking.; Proximity to Chevy Chase Country Club, Downtown Glendale, and Americana at Brand.
    (818) 917-2149
    We can help!
    Listing Contact
    Vanessa Brink
    Real Estate License ID: 02218677
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!