PRIME REDEVELOPMENT POTENTIAL: DUAL CORNER WITH INCENTIVE RICH ZONING

The Property, 0.63 acres uniquely features a dual corner frontage/access on Eagle Rock Boulevard, Yosemite Drive, and Fair Park Avenue. Currently featuring 22,602 square feet of commercial improvements built between 1947 and 1949, poised for redevelopment. Zoned primarily C4 with a smaller segment of RD1.5, enhanced by its Tier 3 TOC designation, ED 1 eligibility, and recognized as a High Resource Area by CTCAC, unlocking incentives such as enhanced tax credits, potential bond financing, and exclusive rates or additional funding allocations for affordable housing projects.

PREMIER REGIONAL ACCESS AND CONNECTIVITY

Ideally situated within the nexus of Los Angeles’ major freeways: Interstate 5, State Route 134, State Route 2, and Interstate 110. This strategic location places it at the heart of a vibrant employment landscape, ensuring unparalleled connectivity to Downtown Los Angeles, Glendale, Pasadena, and Burbank – all just a mere 10 minutes away. This prime site thus offers exceptional access to the region’s economic powerhouses, making it an ideal choice for development in one of the nation’s most dynamic markets.

DYNAMIC WORKFORCE HUB: DIVERSE INDUSTRY FUSION

Drawing strength from a vibrant economic landscape peppered with industry giants. From East West Bank, NASA, Baxter BioScience, iHeart Media, The Walt Disney Company, and Warner Bros. Studios, this area showcases an unparalleled mix of employers. It offers a unique blend of opportunity and diversity, appealing to a broad spectrum of residents and promising developers a community ripe for affordable, senior, and workforce housing.

IDEAL FOR MULTIFAMILY DEVELOPMENT

There is significant demand for all types of multifamily housing in the immediate area, including market-rate, workforce, affordable, and senior housing. The urban infill dynamic, coupled with a near absence of vacant land and an outdated apartment inventory, has led to a pressing shortfall in suitable housing options for today’s renters. Advantage at Eagle Rock stands out as an unparalleled opportunity for development in such a tightly held market.