$4,500,000

Estimated payment $24,227/month

Total Views 5,197
0.2 Acre
$22,658,610 Price per Acre
8,651 Sq Ft Lot

About This Lot

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.

Listing Agent

Arthur Mangassarian

Re/Max Tri-City Realty Brokerage Phone: 818-636-8899 License #00751703 Listed on: 12/01/2025

Re/Max Tri-City Realty

Co-Listing Agent

Zareh Amirian

Keyes Real Estate Brokerage Phone: 818-636-8899 License #02254561

Property Details

Property Type

  • Land

Lot Details

  • 8,651 Sq Ft Lot
  • Density is 31-35 Units/Acre
  • Property is zoned R4

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 8620
  • Assessor Parcel Number 5625009019
  • $306 per year additional tax assessments

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • View: No
  • Zoning: R4
  • Property Type: Land
  • Parcel Number: 5625009019
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 520.17

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 8651.00
  • Lot Size Acres: 0.1986

Multi Family

  • Lot Size Area: 8651.0000 Square Feet

Tax Info

  • Tax Lot: 32
  • Tax Tract Number: 8620
  • TaxOtherAnnualAssessmentAmount: 306.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,302 $939,168 $751,335 $187,833
2024 $10,302 $920,753 $736,603 $184,150
2023 $10,070 $902,700 $722,160 $180,540
2022 $9,896 $885,000 $708,000 $177,000
2021 $1,068 $78,308 $43,685 $34,623
2020 $1,053 $77,506 $43,238 $34,268
2019 $1,032 $75,988 $42,391 $33,597
2018 $864 $74,499 $41,560 $32,939
2016 $810 $71,609 $39,948 $31,661
2015 $794 $70,534 $39,348 $31,186
2014 $798 $69,154 $38,578 $30,576
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $4,500,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25268575

California Regional Multiple Listing Service (CRMLS)

APN: 5625-009-019