The Boyett Team at CBRE is pleased to present an eight (8) lot development portfolio delivered RTI to build a single-family residence community located at 3620 N Inglis Drive - 3586 N Mimosa Drive, Los Angeles, California. This portfolio is situated in a prime neighborhood of Northeast Los Angeles known as Glassell Park, south of Eagle Rock Boulevard and east of the Glassell Park recreation center.
Zoned RE11-1-HCR, this portfolio contains eight (8) standard sized lots consisting of 51,333 combined square footage. Each lot will be delivered RTI for eight (8) single-family homes, or one on each lot. The homes average 2,149 SF with 4-bedrooms and 3-bathrooms on each. All homes go up three stories with ground floor garage parking, master bedroom layouts, and dedicated living, family, and dining areas. Residents will enjoy the large balconies and sprawling rooftop decks that make incredible use of the beautiful 180-degree hillside views of the Glassell Park rec center into Glendale’s Forest Lawn and Atwater.
Situated in a prime Glassell Park location, this offering presents an excellent opportunity for any merchant builder to capitalize on a tried-and-true product type in a low-velocity, high demand submarket of Los Angeles.