1642 S Central, Glendale, California 91204, Glendale, 91204 - 0 bed, 0 bath
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Glendale, California 91204
Analysis of 1642 S Central, Glendale, California 91204 is currently available with a list price of $4,399,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Glendale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a 1915 structure marketed exclusively as a development opportunity with approved plans for a 31-unit mixed-use complex; the value is in the land and entitlements, not the century-old existing building.
The project is already approved for a 31-unit mixed-use apartment complex, significantly reducing entitlement risk and allowing for a faster transition to the construction phase.
With only three low-income units required out of the 31-unit total, the project maximizes the ratio of market-rate units, enhancing potential rental income and overall ROI.
The plans allow for a substantial 40,240 square foot building on a 9,962 square foot lot, representing an efficient and high-density use of land in a high-demand Glendale submarket.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 40240, other record living area = 2251.
The list price of nearly $4.4 million for a sub-10,000 square foot lot represents a high price-per-square-foot for land, requiring a developer with strong capital reserves and thin margins.
The presence of a structure dating back to 1915 necessitates complete demolition and potential environmental remediation, adding to the initial soft costs and project complexity.
We are pleased to exclusively present for sale a premiere Development Opportunity in the City of Glendale. This is the mixed-use 31 units apartment complex project. There is a fantastic opportunity for an investor/developer to acquire and build dream contemporary income property and take advantage of strong rent growth and positive market momentum in a dynamic Glendale City. There are only 3 low-income units in this approved project. Total square footage of building: 40,240 sq. ft.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1915 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 12, 2026
$4,399,000
Initial Listing
Oct 2, 2019
$1,150,000
Public Record
Nov 30, 2017
$1,030,000
Public Record
Jan 19, 2006
$510,000
Public Record