Unlock Maximum Density in a High-Demand Rental Hub. Ideally positioned on an expansive ~8,000 sq. ft. lot, this property offers a premier "Value-Add" or "Ground-Up" development opportunity for the sophisticated investor, located in a high-growth pocket of Glendale. This asset is primed for significant equity capture. Maintain the existing 3-bedroom, 2-bathroom character home and utilize the deep rear lot to construct 3 additional units. Leverage the flexible GLR4YY zoning to clear the site and scale to 6 or 7 units. With Glendale’s new Multifamily Objective Design Standards, the city is actively encouraging higher-density projects to meet housing demands. Property sold as-is. This is a developer site with multiple exit strategies. Buyer is advised to conduct their own due diligence regarding specific density, setbacks, and local zoning ordinances to confirm project feasibility.
Listing courtesy of Listing Agent: Mike Harutunyan (Mike@HomesSoldByMike.com) from Listing Office: Pinnacle Estate Properties.
Listing sold by Mike Harutunyan from Pinnacle Estate Properties
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