3241 Prospect Avenue
About This Property
Nestled in the highly desirable Crescenta Highlands neighborhood of Glendale, this Two Homes on a Lot Property Is Located in the highly desirable Crescenta Highlands neighborhood of Glendale. It features a beautiful front house that is part renovated and part brand new, and a Brand New accessory dwelling unit (ADU). The front house offers a spacious open floor plan with designated living and dining areas, creating an inviting ambiance for everyday living and entertaining. The Brand New ADU is equally impressive designed with the same high-quality finishes and modern amenities, making it ideal for extended family, guests or rental income.
Both homes are designed for elegance and comfort, with porcelain flooring in the living, dining, and kitchen areas, complemented by laminate flooring in the bedrooms. The bathrooms are beautifully appointed with contemporary finishes, while additional upgrades include recessed lighting, copper plumbing, individual on-demand water heaters, and separate electric meters for convenience. Enjoy year-round comfort with central AC and heating in both residences.
Safety and efficiency are at the forefront, with features such as fire sprinklers, a gas shut-off valve, a new main water supply line and valve, and an EV charging-ready setup. The exterior has been meticulously updated with fresh landscaping, sprinklers, and compressed concrete entry stairs, while LED lighting and exterior sensor lights enhance security. With four dedicated parking spaces, there is ample room for multiple vehicles.
Situated within the boundaries of top-rated schools, including Crescenta Valley High School, Clark Magnet High School, Rosemont Middle School, and Lincoln Elementary, this property is an ideal choice for families seeking a premier educational environment.
The seller will deliver the home with all plans and permits, ensuring a smooth transition for the next owner. This is a rare opportunity to own a turnkey property with an income-generating ADU in one of Glendale's most sought-after neighborhoods. Don't miss out on this perfect blend of luxury, convenience, and investment potential!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | Listed by Coldwell Banker Hallmark Realty | $1,499,999 | |
| Listed by Coldwell Banker Hallmark Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017