Estimate anchored to list price ($875k) and Redfin AVM ($895k). Range accounts for tear-down/redevelopment value on a 7,561 sqft lot in south Glendale and small existing structure. No live comparable search performed — values reflect local market context and typical lot value uplift in near-downtown Glendale.
Rare 7,561 SF Lot Near Downtown Glendale — Tear-Down/Develop Opportunity
Located steps from downtown Glendale retail and dining, 132 Everett St presents a compelling land-first opportunity rarely found in this submarket. The property sits on a deep, usable 7,561 sq ft lot and currently supports a modest 1-bedroom, 1-bath home (696 sq ft). The seller has priced the parcel at $875,000 and is offering the property in 'as-is' condition — the house has been rented previously and will be delivered vacated at closing as described by the listing agent.
What sets this offering apart is the lot size and location: wide lot depth in a near-downtown setting creates meaningful upside for a variety of buyers — from small builders and developers to owner-occupiers seeking to build a larger residence or add multiple units (buyer to verify entitlement potential with the City of Glendale). Listing materials reference zoning GLR4YY; buyers should confirm allowable unit count, parking obligations, and setback rules with Glendale Planning.
For investors, the property has immediate income history with prior rental listings in 2025 showing rents in the $2,500–$2,700/month range. For a builder, the parcel offers a straightforward demolition footprint and the opportunity to maximize density close to transit, shopping, and major employers in Glendale and nearby Burbank.
Do not walk the property without the listing agent present. The seller will not perform repairs or termite clearance. Contact the listing agent, Mike Alequin, to arrange a showing, obtain disclosures, and start a feasibility review. This one offers clean land economics in a market where deep lots are increasingly rare.
A 1940 bungalow on 0.17 acres.
Building
Site & utilities
South Glendale / near Downtown Glendale
Researched nearby locations
Location
132 Everett St, Glendale, CA 91205
South Glendale is a mature residential district characterized by tree-lined streets, a mix of original bungalows and low-rise multi-family homes, and quick access to downtown Glendale's retail and entertainment nodes. The area is popular with buyers seeking proximity to good shopping, restaurants, and transit without the congestion of higher-density corridors.
Short walks to neighborhood parks and an easy drive to larger green spaces and trails in the Verdugo foothills; good access for weekend outdoor activities.
A factual market snapshot around 132 S Everett St.
Glendale remains a demand-driven market with inventory typically below metropolitan averages; properties within walking distance of Brand Boulevard, The Americana and the Glendale Galleria attract strong interest from both owner-occupiers and small-scale developers. Median single-family prices in Glendale have held firm over recent years, with modest year-over-year appreciation (estimated mid-single digits). Inventory is generally tight (often sub-3 months), which benefits listings offering redevelopment potential. This asset appeals to buyers who prioritize location and lot depth over the existing structure; financing for acquisition plus construction is available locally but will be sensitive to entitlements and parking requirements. Given current conditions, buyers who can move quickly with due diligence and entitlement planning are best positioned to capture value.
GLR4YY — indicates Glendale Residential zoning with potential for higher-density residential (buyer to verify).
Zoning
Research-indicated uses
- Residential Uses Per Glendale Municipal Code
- Possible Multi Unit Redevelopment Subject To City Rules, Lot Coverage, Setback, And Parking Requirements
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
What the research supports — and what is still worth verifying.
Key findings
- 1 bed / 1 bath, 696 sqft single-family residence on a 7,561 sqft lot (built 1940)
- List price: $875,000; price per sqft (structure-based) ≈ $1,257
- Property listed 'as-is'; seller will not perform repairs or clear termite
- Tenant occupied at time of listing; seller states tenant will vacate when property sells
- Zoning cited as GLR4YY — buyer must verify allowable density and development standards with City of Glendale
What stands out about this property.
Interior Features
- 1 bedroom, 1 bathroom
- Approximately 696 sq ft of interior space
- Simple layout suitable for short-term rental or hold
- Sold in AS-IS condition; no appliances guaranteed
Exterior & Lot
- Large 7,561 sq ft lot (approx. 0.17 acres)
- Level topography with wide usable depth for redevelopment
- No garage — street parking available
- Tear-down noted in lot features; ideal for new build or accessory dwelling
Location & Neighborhood
- Walking distance to downtown Glendale shops and restaurants
- ≈1.0–1.5 miles to Glendale Galleria & The Americana at Brand
- Easy access to I-5 and SR-134 for regional commuting
- Quiet residential street close to transit corridors
Walkability & Recreation
- Walkability Rating: 86/100
- Nearby parks and green spaces (Brand Park, Central Park within short drive/walk)
- Close to local dining, grocery and services along Brand Boulevard
Sources & research confidence.
See where the property research came from and how confidence varies by field.