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413 Irving Ave 0.41 Acres of Commercial Land Offered at $4,500,000 in Glendale, CA 91201
Investment Highlights
- Permit-ready (RTI) plans in place for a 33-unit residential development, enabling quick project initiation for investors.
- Surrounded by top-tier shopping destinations such as Costco, IKEA, and Target, with entertainment venues like AMC 16 Theaters nearby.
- RTI plans feature a modern four-story design, incorporating ample parking and open-air meeting areas with several units including private balconies.
- Situated near Burbank Studios and major media and entertainment hubs, offering a highly desirable location for future tenants.
- Convenient access to I-5 Freeway, ensuring excellent connectivity to Greater Los Angeles and neighboring markets.
- Located within a vibrant neighborhood offering robust dining, retail, and lifestyle amenities that support strong tenant demand. [loopnet.com]
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 | 0.41 AC |
| Zoning | R4 - High-Density Multiple Dwelling | ||
| 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 | 0.41 AC |
| Zoning | R4 - High-Density Multiple Dwelling |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 0.41 AC |
| Price Per AC | $10,890,003.70 |
| Price | $4,500,000 |
| Price Per AC | $10,890,003.70 |
| Lot Size | 0.41 AC |
0.41-acre Glendale parcel with RTI plans for 33-unit multifamily development. Near Burbank Studios, shopping, dining, and I-5 access. Ideal for investors seeking a ready-to-build opportunity in a prime, well-connected location. [loopnet.com]
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $664,102 | |
| Land Assessment | $1,465,739 | Total Assessment | $2,129,841 |
Property Taxes
Parcel Numbers
Land Assessment
$1,465,739
Improvements Assessment
$664,102
Total Assessment
$2,129,841
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413 Irving Ave