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$ 4,500,000
Est. payment | /mo
$ 4,500,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25268575
HOA Y/N No
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 Burbank's media and entertainment hubs, combined with the convenience of city amenities. The surrounding neighborhood offers extensive shopping (Costco, IKEA, Macy's, 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.
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
Area 626 - Glendale-Northwest
Zoning R4
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description 31-35 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5625009019
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
Listed by Arthur Mangassarian Re/Max Tri-City Realty 818-636-8899