3450 N Verdugo Rd - Storefront FOR SALE


Glendale, CA 91208- Montecito Park
$5,575,000 USD
818-549-9000
3450 N Verdugo Rd, Glendale, CA for Sale
$5,575,000 USD
Storefront - FOR SALE
1/25
null | Request Cap Rate

3450 N Verdugo Rd
Glendale, CA 91208
Montecito Park


HIGHLIGHTS

  • Investment or Owner user or Redevelopment approved plands for 22 units
  • Assumable financing for $3,300,000.00
  • Comps $770/ SF asking $530/SF

OVERVIEW

Fantastic opportunity for owner user in addition to have additional income from rest of the tenants (over 20,000 sf of lot with the alley and 10,500 of improvements) or redevelop the property with 22 units plus 4300 sf of retail space (plans are approved and can be RTI within 6 months. Buyer can appreciate steady income while waiting to start construction. All leases are month to month and can be vacated by the new buyer within months. This is one of the last large commercial sites available, located in N Glendale near Verdugo Hills hospital, a block from Montrose shopping area. It is also walking distance to large park (with tennis courts and base ball field) and half a mile from famous Oakmont Country Club) The property also offer assumable financing for $3,300,000. Call listing agent for offering memorandum (including plans) and showing instruction. Please do not go to the property without listing agent.

FOR SALE DETAILS

PRICE

$5,575,000 USD

PRICE/SF

$531 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,827 SF

ZONING

C3

APN/PARCEL ID

5613-007-011,5613-007-012

ASK ABOUT THIS PROPERTY

Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.