Skyline Mountain,  Glendale CA, 91201 (Land Lot)

Status: Pending
MLS#: IV16715981
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Last Updated: 12/11/2016 1:59 AM
Description for Skyline Mountain Glendale, CA 91201
Super large 120-acre parcel in the Verdugo Mountains above Glendale and Burbank. No, you cannot build on this parcel, it is strictly for investment or recreation. There is a conservation easement on part of the parcel. However it does offer great investment potential and is likely to appreciate in value for several reasons: First, it is in LA County, up in the hills very close to dense civilization, not out in the desert or some other remote part of California. Second, it has a hard-packed road going right to it so it can accessed by foot or 4WD. You can obtain keys to locked gates after closing so you can drive when you own it; until then, you can easily hike in. Third, there is a City water cistern right on that property that offers good drinking water according to the seller. The round circle of the cistern can be seen in the Google aerial map and in one photo. Fourth, it has panoramic city lights views. Fifth, it is very well priced. This is an unusual deal for the creative investor looking to flip or with an eye toward the long term. Directions: Parcel is up in the hills, northeast of Country Club Dr and S Via Montana, Glendale. The longitude is 34.201093 and the latitude is -118.276665. There are locked gates. Keys can be obtained after closing so you can drive. Until then, the way to put your feet on the parcel to view it is to study maps and hike in. Seller says he took Beaudry North just off Beaudry Blvd. Agent has not been there.
Price
$95,000
Los Angeles
IV16715981
Pending
Description
Super large 120-acre parcel in the Verdugo Mountains above Glendale and Burbank. No, you cannot build on this parcel, it is strictly for investment or recreation. There is a conservation easement on part of the parcel. However it does offer great investment potential and is likely to appreciate in value for several reasons: First, it is in LA County, up in the hills very close to dense civilization, not out in the desert or some other remote part of California. Second, it has a hard-packed road going right to it so it can accessed by foot or 4WD. You can obtain keys to locked gates after closing so you can drive when you own it; until then, you can easily hike in. Third, there is a City water cistern right on that property that offers good drinking water according to the seller. The round circle of the cistern can be seen in the Google aerial map and in one photo. Fourth, it has panoramic city lights views. Fifth, it is very well priced. This is an unusual deal for the creative investor looking to flip or with an eye toward the long term. Directions: Parcel is up in the hills, northeast of Country Club Dr and S Via Montana, Glendale. The longitude is 34.201093 and the latitude is -118.276665. There are locked gates. Keys can be obtained after closing so you can drive. Until then, the way to put your feet on the parcel to view it is to study maps and hike in. Seller says he took Beaudry North just off Beaudry Blvd. Agent has not been there.
Listing Information
Property Type: Land
120.92 Acres 5,267,638 sq.ft.
Neighborhood
Room Information
Exterior / Lot Features
City, Hill, Panoramic, Valley
GLR1*
Raw La, Urban
Driving Directions
Parcel is up in the hills, northeast of Country Club Dr and S Via Montana, Glendale. The longitude is 34.201093 and the latitude is -118.276665. The only way to put your feet on the parcel is to study maps and hike. You cannot drive all the way
Financial Considerations
5630028006
Listing Price History

Glendale Real Estate

Glendale is located in California. Glendale, California 91201 has a population of 192,537.

The median household income in Glendale, California 91201 is $54,369. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Glendale 91201 is 41.1 years.

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Courtesy: LAND22 REAL ESTATE TAMMY TENGS
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