2246 Glenrose Avenue, Altadena, CA 91001

Location, Location, Location! Double the Assets, One Investment! Secure TWO properties at the price of ONE—an incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! “2252 & 2246 Glenrose Ave”

This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadena’s most sought-after neighborhoods. Zoned R3, the property offers incredible development potential—including multi-units with additional ADUs—making it ideal for investors or builders looking to maximize long-term value.

Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000K.

Conveniently located just 7–10 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freeway—this location is a true gem.

The rebuild timeline can be surprisingly efficient—as little as 12–18 months—for buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project.

Sold As-Is — Buyer to conduct all due diligence.

Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County.

Drive-by Only — Please do not enter the property, 48 hours noticed in order to enter the property. Please do not disturbed tenants, monthly rent is $3K, tenant’s are paying for gas and light bill.