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EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $4,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 18,500.00 AC |
| Zoning | R4 | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 18,500.00 AC |
| Zoning | R4 |
1 LOT AVAILABLE
Lot
| Price | $4,500,000 | Lot Size | 18,500.00 AC |
| Price Per AC | $243.24 |
| Price | $4,500,000 |
| Price Per AC | $243.24 |
| Lot Size | 18,500.00 AC |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 5625-009-020 | Improvements Assessment | $476,269 |
| Land Assessment | $714,404 | Total Assessment | $1,190,673 |
PROPERTY TAXES
Parcel Number
5625-009-020
Land Assessment
$714,404
Improvements Assessment
$476,269
Total Assessment
$1,190,673
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