Listed by Jenny Eng with CBRE 213-613-3176

We are proud to exclusively present 416 Pioneer Drive in the city of Glendale. Located south of the 134 Freeway, between Pacific Avenue and Central Avenue, and north of Doran Street, 416 Pioneer Drive offers an investor the rare opportunity to own an excellent piece of real estate in one of the most prominent submarkets within the Tri-Cities and the San Fernando Valley. 416 Pioneer Drive is a two-story, 26-unit multifamily property constructed in 1963 on a 17,612 square foot lot, with a total building size of 19,660 square feet. The neatly landscaped, controlled access property is well maintained, is separately metered for gas and electric, is serviced by a central water heater, and offers a subterranean parking spaces with storage areas. 416 Pioneer Drive boasts an excellent unit mix of one studio/one bathroom unit, fourteen one-bedroom/one-bathroom units, four two-bedroom/one-and-a-half-bathroom units, six two-bedroom/two bathroom units, and one three-bedroom/two-bathroom unit. The units offer laminate wood and tile flooring, a stove, ceiling fans, air conditioning and heating units. Positioned in one of the most attractive neighborhoods in Glendale, 416 Pioneer Drive is within close proximity to major retail, dining, and entertainment destinations in Downtown Glendale. The Property is also minutes from Glendale Fashion Center, LA Zoo, Griffith Park, Griffith Observatory, and Glendale Community College. 416 Pioneer Drive is conveniently situated approximately 1.2 miles away from the Golden State (I-5) Freeway and Ventura (SR-134) Freeway, offering ease of access to employment centers in Burbank, Downtown Los Angeles, and Pasadena.