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    Mount Carmel Dr Glendale, CA 91206

    Sponsored
    For Sale
    $1,750,000

    27+ Acres, Stunning Views, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27.14-acre property in Glendale, CA, presents a unique opportunity for high-end residential development. Located in Los Angeles County, this prime infill site boasts breathtaking 360-degree views of city lights, mountains, and canyons. The property comprises ten individual vacant and unimproved parcels, seven in Los Angeles and three in Glendale, accessible via Mount Carmel Drive. Current Ai and ROS III zoning permits a variety of uses, including single-family dwellings, potentially allowing for the development of at least ten view lots, with the possibility of additional accessory dwelling units (ADUs) on each lot. An owner-developer could explore further subdivision for increased density. Surrounded by multi-million dollar homes, this location offers unparalleled luxury and convenience. Easy freeway access to the 134, 2, and 101 freeways ensures excellent connectivity. The land is priced at $1.75 million, or $1.60 per square foot. This is an exceptional opportunity to create a prestigious residential community in a highly desirable area. The irregular shaped hillside lots offer unique building opportunities. The property is situated on the hillside northeast of the intersection of the Ventura (134) and Glendale (2) Freeways.

    Property Features for 0 Mount Carmel Dr

    General Information

    Property type
    Farms
    Lot Size
    1,182,218 SF

    HighLights

    • Prime Los Angeles County infill location.
    • Surrounded by multi‑million dollar homes.
    • Breathtaking 360‑degree views of mountains, canyons, and city lights.
    • Excellent freeway access (134, 2, and 101 freeways).
    • 27.14‑acre site with ten individual vacant lots.
    • Ideal for high‑end luxury residential subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.22369
    Latitude
    34.151647

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    FAQs

    What type of property is this?
    Farm - 27+ Acres, Stunning Views, Prime Location
    Where is this farm located?
    The property is located at Mount Carmel Dr Glendale, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime Los Angeles County infill location.; Surrounded by multi-million dollar homes.; Breathtaking 360-degree views of mountains, canyons, and city lights.
    Request Owner's contact information
    Mount Carmel Dr Glendale, CA 91206
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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
    Mount Carmel Dr Glendale, CA 91206
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