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    2817 Montrose Ave Glendale, CA 91214

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    For Sale
    $6,999,000

    Land with existing structures and development plans for 45 units.

    Lot size:
    0.83 Acres

    Property Features for 2817 Montrose Ave

    General Information

    Lot size
    0.83 Acres

    Source: Cranbrook Realty Corp. Agent Roobik Ovanesian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Land with Development Potential

    The property includes several attached and detached structures that were previously used as a church and could be renovated for future use. There is a proposed plan for a luxury apartment building with 42 units and 3 additional dwelling units (ADUs), totaling 45 rental units. The proposed rental space is approximately 41,000 square feet. The project is in the process of being submitted to the Design Review Board (DRB) for design approval, and all city department comments have been incorporated. The project is a 'By Right' project utilizing the State of California Density Bonus Program Incentives & Waivers. The overall design incorporates construction cost efficiency by an experienced developer and architect. Contact broker for Property OM.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2408432
    Latitude
    34.2170665

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    FAQs

    What type of property is this?
    Land - Land with existing structures and development plans for 45 units.
    Where is this land located?
    The property is located at 2817 Montrose Ave Glendale, CA.
    What is the asking price?
    The asking price for this property is $6,999,000.
    What are key features of this property?
    This property features: - Approved for a luxury 45-unit apartment building project (42 units + 3 ADUs).; - By-Right project utilizing California Density Bonus Program incentives and waivers.; - Design incorporates construction cost efficiency by experienced developer & architect.
    (818) 550-0760
    Request Owner's contact information
    2817 Montrose Ave Glendale, CA 91214
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    Glendale, CA 91214
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    Realmo Value Estimation

    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.

    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.

    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
    2817 Montrose Ave Glendale, CA 91214
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