Technical
Financial
Distress signals
Property profile

2817 Montrose Ave Glendale, CA 91214

OFF-MARKET
Land
Property ID
US09-9022043
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Property summary

AI-generated overview

Located at 2817 Montrose Avenue in Glendale, California, the property includes multiple attached and detached structures that have historically been used as a church. The existing buildings are available for renovation for continued use or for redevelopment, subject to applicable design review and approval. The referenced development concept is a by-right residential project utilizing the California Density Bonus Program incentives and waivers, with a proposed total of 45 rental units comprised of 42 apartment units and 3 ADUs, and approximately 41,000+/- square feet of residential rental space indicated in the offering materials. As part of the redevelopment process, the project is described as being in progress for submission to Glendale’s DRB for design approval, with the remarks indicating that city department comments have been incorporated.

Property profile

Verified
Property type Land
UPID US09-9022043

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2817 Montrose Ave Glendale, CA 91214
Glendale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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