1247 Viola Ave - Apartments FOR SALE


Glendale, CA 91202- Verdugo Viejo
$4,500,000 USD
818-605-3021
1247 Viola Ave, Glendale, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/9
null | 5.29% Cap Rate

1247 Viola Ave
Glendale, CA 91202
Verdugo Viejo


HIGHLIGHTS

  • Excellent access to major roadways and transportation networks.
  • Flexible site suitable for multiple permitted commercial uses.
  • Located in a thriving growth corridor with strong demand drivers.
  • Surrounded by established neighborhoods and consumer amenities.
  • Ample development potential for retail, office, or mixed-use concepts.
  • Positioned to capture long-term market appreciation and value creation.

OVERVIEW

A well-positioned asset in a growing market. With its expansive dimensions, the property offers flexibility for a variety of uses, including retail, office, industrial, or mixed-use development, subject to local zoning regulations. The site benefits from easy access to major transportation routes and proximity to a well-established commercial and residential base, supporting both consumer traffic and workforce availability. Its surrounding area continues to attract new businesses and residents, ensuring strong long-term demand. The parcel’s layout accommodates efficient site planning and potential for ample parking or green space. Whether for immediate development or future land banking, this property provides a versatile investment in a vibrant corridor that aligns with evolving market demands. Secure your position in this highly active region with a parcel designed for stability and growth.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

16

PRICE/UNIT

$281,250

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,082 SF

ZONING

GLR4YY

APN/PARCEL ID

5633-006-011

ASK ABOUT THIS PROPERTY

Kara HandyEngel & VolkersMore Info
818-605-3021

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Kara HandyEngel & VolkersMore Info
818-605-3021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.