2635 Sycamore Avenue is a $5,250,000 home located in Glendale, CA.
A fully entitled AND permit-ready 28 unit multifamily development site. The site is located in the City of Glendale specifically within the picturesque neighborhood of Montrose situated against the backdrop of the San Gabriel Mountains. The opportunity will offer a builder with both an individual unit sell out or rent-and-stabilize exit options at a beautiful location in dire need of both product types. The highly accessible and visible street to street land assemblage presents an opportunity to execute the area?s premier new residential development at a location in dire need of new residential product [as opposed to Downtown Glendale]. The finished building would represent the closest new residential product to the buzzing Montrose Village commercial district just steps away. The location is also known for its exemplary schools. No tenants exist on property.The project entitlement includes a tentative tract map submission and an approved zone change from single family residential and commercial zone to a PPD zone [Precise Plan of Design] overlay which is tied specifically to the project presented herein. This project will represent the most significant multifamily development in the vicinity. North Glendale is recognized as one of the mos
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