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$ 2,459,000
Est. payment | /mo
32.14 Acres Lot
$ 2,459,000
Est. payment | /mo
32.14 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25216519
HOA Y/N No
Year Built 1921
Lot Size 32.140 Acres
Property Sub-Type Apartment
Property Description
This is an investor's and developer's dream! 241 N Verdugo, 243 N Verdugo and 1322 E California Don't miss out on this great owner user or investment/development opportunity! A Rare Development Opportunity in an Extremely Prime Glendale Location! Unlock the Full Potential of these exceptional 3 Properties with Endless Development Possibilities. There is Potential to keep all 3 properties and possibly add up to 6 ADU's. This offering is ideal for Mixed Use, Multi-Unit Development or a High-Yield Investment building on an approximately 13,726 square foot lot with approximately 3,500 square feet of commercial and the potential to develop up to 16 residential rental units or condos that are each approximately 1,000 square feet. Centrally located near schools, supermarkets, restaurants, and just minutes from all the vibrant restaurants and coffee shops in Silver Lake, Atwater Village downtown Glendale, Burbank, and the Rose Parade route. Build New Wealth! Rare properties like these in this area sell very quickly, are priced right, and will not last long in this hot market!
Location
State CA
County Los Angeles
Area 624 - Glendale-Chevy Chase/E. Glenoaks
Zoning GLC3*
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5645003070
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Vartan Markarian Markarian Realty MarkarianRealty@gmail.com