307 E Acacia Avenue, Glendale, CA 91205

$1,150,000 Asking Price

4 beds
2 baths
1,700  sqft
Built in 1899

Being sold for COMMERCIAL VALUE of GLC3 zoning FOR DEVELOPMENT OPPORTUNITY of 10,551 SQ FT. Perfect opportunity to develop in the City of Glendale bustling investment activity. Unique Multi-Use location to develop Commercial component on ground floor and Residences above or 100% Residences or 100% Commercial (agents read private remarks for possible setback changes). With over 5,000 luxury apartments recently completed, Glendale's submarket commands the highest multi-family rents in the San Gabriel Valley where occupancy is above 97% at the moment. The parcel is strategically located between 2 streets with extraordinary daily commuter traffic, Brand Blvd and Glendale Avenue, and within 1 mile from The Americana at Brand connecting busy restaurants and major businesses along the way. With prime location and opportunity to attract neighboring tenants and businesses from adjacent Los Feliz and Atwater Village. SEE SUPPLEMENTS FOR PROPOSED PLANS AND OFFER MEMORANDUM. Buyers to do their own due diligence on development and proposals.


Features & Amenities

Interior

Laundry:
Inside
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
None

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
1

Location

HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Glendale Unified
County:
Los Angeles

Lot

Zoning:
GLC3*, 5641016021
View:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Pinnacle Estate Properties, Cynthia Bedoy

About Glendale, CA

Housing

Number of Units
70,320
Median Home Value
$854,785
Median Rent
$1,579

69.73% of housing units are renter occupied.

4.36% are vacant.

Commute

Car
57.84%
Public Transportation
2.04%
Walk to Work
2.88%
Work from Home
35.74%
Other
1.11%

The median travel time to work is 20 minutes.

People

Population
173,900
Median Age
42.10
Median Household Size
2.77

Education

High School
22.12%
Associate’s Degree
10.50%
Bachelor’s Degree
26.81%
Graduate Degree
14.29%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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