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