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Approved 31-Unit Mixed-Use Apartment Project
For Sale
$4,399,000

1642 S Central, Glendale, CA 91204

Approved mixed-use project for 31 units, with a total building size of 40,240 sq. ft. and only 3 low-income units.

Property Size40,240 SF
Price / SF$109.32
Days on Market116

Property Features for 1642 S Central

General Information

Standard status Active
Size 40,240 SF
Property subtype Investment

Additional Details

Multifamily Units 31

Building Details

Building Size 40,240 SF
Year Built 1915
Units 31
Listed By: Armen Saroyan · License #01509865
Source: Elliman
Added: May 13 Changed: Sep 4 Last Checked: Sep 5 at 11:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Armen Saroyan

Investment Insights

Based on property information with market context.

Offered as an exclusive development opportunity, this approved mixed-use apartment project is designed for 31 units. The approval also reflects only 3 low-income units within the overall unit count. The total square footage for the building is 40,240 sq. ft.

Set in the City of Glendale, the site benefits from walkable and bikeable amenities, with a walkScore of 84 (Very Walkable), a bikeScore of 68 (Bikeable), and a transitScore of 58 (Good Transit).

Key Highlights

  • Approved mixed‑use project for 31 units in the City of Glendale
  • Total building size of 40,240 sq. ft.
  • Only 3 low‑income units included in the approved project

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Barber Shop Grocery & Convenience Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31
Residential units

Location Intelligence

Trade Area within ½ mile

3,097
Businesses Nearby

Demographics for 91204, CA

17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Approved mixed-use project for 31 units, with a total building size of 40,240 sq. ft. and only 3 low-income units.
Where is this apartment building located?
The property is located at 1642 S Central Glendale, CA.
What is the asking price?
The asking price for this property is $4,399,000.
What are key features of this property?
This property features: Approved mixed‑use project for 31 units in the City of Glendale; Total building size of 40,240 sq. ft.; Only 3 low‑income units included in the approved project
More about this property
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