$4,500,000
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.
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Listed by Arthur Mangassarian with Re/Max Tri-City Realty (818) 409-0040
Property Type
Apartment
Status
Active
MLS Number
GD25268601
Year Built
1952
Lot Size
9,657 sq ft