Arthur Arejian of Vanguard Investments Inc., as exclusive listing agent, is pleased to present an opportunity to purchase a 19-Unit Apartment Building located at 1500 S Glendale Ave in the city of Glendale, CA 91205. This prime Glendale property consists of large Units and contains an excellent Unit Mix of 7 Studios and 12 One-Bedroom One-Bathroom Units. This project was constructed in 1922 and sits on a 28,892 SF lot.
THE PROPERTY
This property is a 2-story building located in Glendale, CA with ample parking. 1500 S Glendale Ave is a very charming apartment building situated in Glendale, CA. This property, built in 1922, with wood frame and stucco construction, is separately metered for gas & electricity and is comprised of 9,380 SQ FT of improvements sitting on a 28,892 SQ FT lot. This property is located near Brand Blvd and San Fernando Road.
The subject property sits on a large 28,892 SF Lot. This gives an investor a very unique development opportunity as well. The subject property has 2 distinct zonings. The property is zoned GLC3 and R1RIII. The portion of the property along Glendale Ave is Zoned GLC3 which extends 120 feet into the property. The rest of the property is Zoned R1RIII: SFR Hillside Zoning. FAR: 0.45 for the 1st 10,000 SQ FT of lot area and 0.10 for the portion of lot area thereafter.
