725 S Glendale Avenue, Glendale CA, 91205

Sold

725 S Glendale Avenue

Glendale CA, 91205

$4,165,000

$431.70 per sqft

Sold

9,648 sqft

Commercial

Built in 1981

Listed by Hovik Sarkissian with Providence Real Estate 818-265-1555

We are pleased to exclusively present this prime investment multi-tenant retail/office center located at 725 S Glendale Ave in Glendale CA 91205. 100% occupied with NNN leases with rarely any vacancies in last few years. All units are on lease except one unit which are currently on month to month basis. Low rents with upside potential compare to going rates in nearby commercial properties. Originally 13 rentable spaces but currently unit A & B are combined and leased out to a single tenant. The property is located on a main and high traffic Glendale Ave which connects north Glendale to the south side. The subject property is within mostly single family residential and apartment buildings, lots of foot traffic and also minutes away from Americana at the Brand and Glendale Galleria. Built in 1981 on 2 parcels totaling approximately 15,000+ sqft lot, 19 parking spaces reserved for customers only, The new investor can also take over the management operations, reduce its management expenses and increase the net operating income after close of escrow.

GD22233047

MLSⓇ ID

November 2, 2022

Listed

March 23, 2024

Updated

Map

725 S Glendale Avenue
Glendale CA, 91205

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.35 Acres
Lot Features: Rectangular Lot, Street Level

Other Property Details

Area Name: 628 - Glendale-South of 134 Fwy
Days on Market: 31
Garage: No
Parking Total: 19
View: No
County: Los Angeles
Water Source: Public
Pool: No
Buyer Agency Compensation: 1.75%

Listing Contact: 818-265-1555

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:35 AM UTC