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.