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Land For Sale • 0.24 AC
The property occupies a prominent corner position at the intersection of Burbank Boulevard and Radford Avenue, providing excellent visibility and dual-street frontage. The R-3-1 zoning with TOC Tier 3 overlay creates a favorable regulatory environment for multifamily development, with streamlined approval processes and significant density bonuses that maximize development potential. The site's pre-construction status means that while entitlements for 23 units are in place, the plans have not yet reached the "ready-to-issue" stage. This provides a strategic opportunity for a buyer to either advance the existing plans to completion or to redesign the project entirely, potentially capturing additional density or modifying the unit mix to optimize market positioning and financial returns.
| Approvals secured for 23-unit multifamily project |
| Highly visible corner lot at Burbank Blvd & Radford Ave |
| TOC Tier 3, providing 70% density bonus |
| Opportunity to redesign for higher density or convert 3 or 4 fitness rooms to ADUs |
| 19 subterranean parking spaces |
| Pre-construction, ready for developer to advance to construction |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 9 min | - | 3.9 mi |
| 10 min | - | 4.8 mi | |
| Transit/Subway | Drive | Walk | Distance |
| North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 20 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 10 min | - | 3.9 mi |
| Los Angeles International | 34 min | - | 23.7 mi |
| Long Beach (Daugherty Field) | 48 min | - | 35.3 mi |
Sara Vita
Marcus & Millichap
