403 Porter St - Apartments FOR SALE


Glendale, CA 91205- Somerset
$6,500,000 USD
818-605-3021
403 Porter St, Glendale, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/12
null | 5.11% Cap Rate

403 Porter St
Glendale, CA 91205
Somerset


HIGHLIGHTS

  • Exceptional connectivity to major thoroughfares and surrounding business districts.
  • Located in a high-demand area with strong economic and population growth drivers.
  • Versatile parcel suitable for residential, commercial, or mixed-use development.
  • Close proximity to retail, dining, and entertainment amenities.
  • Accessible from public transportation routes, providing enhanced mobility.
  • Opportunity to capitalize on a robust development market for long-term returns.

OVERVIEW

This parcel offers an exceptional development opportunity for those seeking long-term value and adaptability. Positioned in a desirable urban corridor, the property delivers excellent connectivity with major roadways and essential infrastructure, making it ideal for various development uses, including residential, mixed-use, or commercial concepts. Investors will appreciate the potential for zoning flexibility and the strategic location near thriving retail, employment centers, and public transit options. Situated within a growth-focused area, this site benefits from strong surrounding demographics and robust economic activity, providing a stable foundation for future demand. Whether for immediate development or land banking, this parcel represents a rare chance to secure a property with enduring investment upside in a dynamic market environment.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

18

PRICE/UNIT

$361,111

CAP RATE

5.11%

% 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

1989

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,180 SF

ZONING

GLR4YY

APN/PARCEL ID

5680-012-043

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.