20
Map
$1,250,000
↓ $60K (4.6%)
●
House -
For Sale
421 Piedmont
Glendale, CA 91206
3 Beds
1 Bath
1,040 Ft²
$6,138
Est. Monthly
About This Property
An outstanding opportunity awaits developers and investors looking
to capitalize on a GLR4-zoned property in the heart of Glendale.
This versatile zoning supports multi-unit construction, making it
an ideal site for a high-density residential development. The
current improvements include a charming 3-bed, 1-bath single-family
home offering 1,040 sq. ft. of living space on a generous 6,625 sq.
ft. lot. Built in 1921, the home carries classic character and sits
in a prime location close to schools, shopping, dining, and public
transit.
With its sizable lot and redevelopment-friendly zoning, the property presents a rare chance to transform the site into a multi-unit residential building. Glendale's strong rental demand and competitive housing market further enhance the appeal, positioning this parcel as a promising investment with significant long-term upside.
With its sizable lot and redevelopment-friendly zoning, the property presents a rare chance to transform the site into a multi-unit residential building. Glendale's strong rental demand and competitive housing market further enhance the appeal, positioning this parcel as a promising investment with significant long-term upside.
Unit Size
1,040 Ft²
Days on Market
62 days
Land Size
0.15 acres
Price per sqft
$1,202
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 13 days ago (CRMLS #SR26191792)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Price Decreased |
$1,250,000
↓ $60K
(4.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by Luxury Collective | $1,310,000 | |
| Listed by Luxury Collective | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: AllBedroomsDown
Laundry Features: None
Fireplace Features: None
Exterior Details
Square Footage: 1040
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1921
Levels: One
Pool Features: Private
Pool is Private
Lot Features: Back Yard, Front Yard
Lot Size Area: 6625
Lot Size Units: Square Feet
Lot Size Acres: 0.1521
Lot Size Square Feet: 6625
Tax Lot: 5
Utilities Details
Cooling Type: Central Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Citrus Grove
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Listed by: Marlon Ramos Garcia, Luxury Collective
Last Updated: 13 days ago
Data Source: CRMLS, MLS# SR26191792
Last Updated: 13 days ago
Data Source: CRMLS, MLS# SR26191792
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