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$ 4,500,000
Est. payment | /mo
9,659 Sqft Lot
$ 4,500,000
Est. payment | /mo
9,659 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25268601
Lot Size 9,659 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This property is a rare investor opportunity in Glendale, California, offering permit-ready plans to build a 33-unit residential development near Burbank Studios and close to major amenities like the I-5 freeway, The project is designed to appeal to tenants seeking proximity to Burbanks media and entertainment hubs, combined with the convenience of city amenities. The surrounding neighborhood offers extensive shopping (Costco, IKEA, Macys, Walmart, Target), entertainment (AMC 16 Theaters), and dining, increasing the appeal for prospective tenants. The finished product will be a four-story architectural building, providing ample parking and open-air meeting spaces on higher floors. The unit mix includes two bedrooms (1,013-1,073 SF) one-bedroom and a den (873-959 SF) and one bedroom (642 to 900 SF) layouts, with several units featuring private balconies. The buyer will be required to pay all permit fees to begin construction, with plans already at the Ready To Issue (RTI) stage, ensuring a streamlined process for immediate building commencement.
Location
State CA
County Los Angeles
Zoning Estimated
Direction Victory To Irving
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5625009020
Listed by Arthur Mangassarian Re/Max Tri-City Realty
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Krystal Lane
Partner | Lic# 1918284