$875,000
132 Everett St, Glendale, CA 91205
Rare 7,561 SF Lot Near Downtown Glendale — Tear-Down/Develop Opportunity
1 Bed · 1 Bath · 696 Sq Ft
Large lot, strong location — near The Americana & Glendale Galleria
1
Beds
1
Baths
696
Sq Ft
1940
Built
0.17 acres
Lot
None (street parking)
Garage
About 132 S Everett St
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Jefferson Elementary School
Elementary · ≈0.6 mi
Wilson Middle School
Middle · ≈1.0 mi
Glendale High School
High · ≈1.3 mi
Walkability & Recreation
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.
Investment Highlights
- Large 7,561 sq ft lot in near-downtown Glendale — uncommon parcel size for the area
- Zoning listed as GLR4YY — potential for higher-density residential redevelopment (buyer to verify)
- Priced at $875,000 with AVM near $895k — value anchored to land potential rather than existing structure
- Short drive/walk to Glendale Galleria, The Americana at Brand, restaurants and transit
- Previously rented — immediate cashflow or vacant possession after tenant exit for redevelopment
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
Things to Consider
- Exact redevelopment yield and permitted unit count not verified — zoning/entitlement risk
- Older structure may contain hazardous materials (lead paint, asbestos) and will likely require demolition or significant renovation
- No garage; parking requirements for redevelopment could impact design and unit count
- Limited on-site information about utilities, structural condition, and survey — buyer should perform due diligence
Opportunity Analysis
Acquire now to capture land-value upside in near-downtown Glendale. Short-term hold as a leased asset or move quickly to entitlement/demolition to build multi-unit housing or a larger single-family replacement that captures lot value.
Potential Use Scenarios
- Perform immediate title and entitlement feasibility review with Glendale Planning to confirm allowable units and parking obligations
- Obtain a Phase I environmental review and basic structural inspection to budget demolition/remediation costs
- Consider short-term lease or market rental until permits are secured to carry holding costs
- If pursuing redevelopment, engage local architect experienced with Glendale zoning to maximize unit yield
Risk Factors
- Entitlement denial or onerous parking/setback requirements reducing buildable area
- High demolition/remediation or construction costs that compress returns
- Market shifts raising interest rates and development financing costs
- Tenant relocation timeline could delay immediate redevelopment
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$830K
Midpoint
$890K
High
$950K
$1257/SF estimated price per square foot
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.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Glendale has steady, modest population growth with strong demand for in-town housing given employment centers nearby and limited greenfield supply.
Nearby Points of Interest
- Glendale Galleria / The Americana at Brand (≈1.0 - 1.5 mi)
- Brand Boulevard retail corridor (≈1.0 mi)
Within walking distance to downtown Glendale shops, restaurants, parks and transit. Short drive to major freeways (I-5, 134) and Burbank entertainment/work centers.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
Previously listed for rent at $2,500–$2,700/month (per price history).
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