Active

4122 La Crescenta Avenue

Glendale CA, 91214

$3,290,000


$124.25 per sqft

Active

0.61 Acres

Land

Listed by Kirk Schilling with Keller Williams OC Coastal Realty 949-373-1600

Discover a golden opportunity for developers: four strategically bundled lots in the heart of Glendale, California with the ability to build townhomes, multiplexes, or up to a 20 unit apartment complex on this site. Currently, the property consists of four detached single-family homes, all presently rented out, yielding monthly rental earnings providing income during the planning process. Maximizing your return on investment, this prime location boasts a rich history and an even more promising future. With the City of Glendale encouraging the project you will be pleased at how smooth working within Glendale can be. Founded in the late 19th century, Glendale has evolved into a dynamic urban center ripe for housing development. Its strategic positioning, proximity to Los Angeles, and recent economic upswing make it a magnet for both residents and investors. Glendale has been a hub of economic expansion, offering a diverse job market, top-notch education, and a vibrant culture. The city's commitment to business is evident through its corporate headquarters, bustling shopping centers, and a flourishing tech industry presence. Coupled with excellent connectivity to major highways and transit options, Glendale sets the stage for a vibrant urban lifestyle within a welcoming community. Invest in housing development here and position yourself for success in Glendale's incredibly promising future.

OC23177585

MLS ID

September 26, 2023

Listed

May 9, 2024

Updated

Map

4122 La Crescenta Avenue
Glendale CA, 91214

Exterior/Building Features

Lot Size

0.61 Acres


Lot Features

0-1 Unit/Acre, Corner Lot

Other Property Details

Area Name

635 - La Crescenta/Glendale Montrose & Annex


Days on Market

160


Garage

No


View

Yes


View Description

City Lights, Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Zoning

R2250


Buyer Agency Compensation

2.5%

Listing Contact: 949-373-1600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/9/2024 at 1:30 PM UTC

 

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