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1642 S Central Ave 0.23 Acres of Residential Land Offered at $6,029,006 CAD in Glendale, CA 91204
Investment Highlights
- 31 units project
Executive Summary
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.
Seller shall transfer all rights, approved construction documents, and active permit applications (ready for issuance) to the Buyer. Seller warrants that all plans are following the current jurisdiction regulations and are ready to be permitted without further revisions.
Seller shall transfer all rights, approved construction documents, and active permit applications (ready for issuance) to the Buyer. Seller warrants that all plans are following the current jurisdiction regulations and are ready to be permitted without further revisions.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$2,083,255
|
$9,049,761.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$62,498
|
$271,494.33
|
| Effective Gross Income |
$2,020,757
|
$8,778,267.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$578,040
|
$2,511,035.32
|
| Net Operating Income |
$1,442,717
|
$6,267,231.85
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $2,083,255 |
| Annual Per AC | $9,049,761.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $62,498 |
| Annual Per AC | $271,494.33 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $2,020,757 |
| Annual Per AC | $8,778,267.17 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $578,040 |
| Annual Per AC | $2,511,035.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,442,717 |
| Annual Per AC | $6,267,231.85 |
Property Facts
1 Lot Available
Lot
| Price | $6,029,006 CAD | Lot Size | 0.23 AC |
| Price Per AC | $26,194,276.11 CAD |
| Price | $6,029,006 CAD |
| Price Per AC | $26,194,276.11 CAD |
| Lot Size | 0.23 AC |
1642 S Central Avenue is a multi-family property located in the South Glendale neighborhood, offering an excellent income-producing opportunity near the dynamic Los Angeles basin. Built in 1915 with a total living area of approximately 2,251 SF
Description
The property located at 1642 S Central Avenue in Glendale, California, is classified as a residential income property. It was built in 1915 and has a total building area of approximately 2,251 square feet. The lot measures approximately 10,386 square feet (0.23 acres).
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Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5640-029-014 | Improvements Assessment | $224,699 CAD (2025) |
| Land Assessment | $1,498,009 CAD (2025) | Total Assessment | $1,722,708 CAD (2025) |
Property Taxes
Parcel Number
5640-029-014
Land Assessment
$1,498,009 CAD (2025)
Improvements Assessment
$224,699 CAD (2025)
Total Assessment
$1,722,708 CAD (2025)
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1642 S Central Ave
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