Glendale, CA 91205,725 S Glendale AVE
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Glendale, CA 91205,725 S Glendale AVE
Glendale, CA 91205,725 S Glendale AVE
Glendale, CA 91205,725 S Glendale AVE
Glendale, CA 91205,725 S Glendale AVE

$4,165,000

Est. payment /mo

$3,950,000

5.4%
Est.Price: ?

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725 S Glendale AVE Glendale, CA 91205

9,648 SqFt

SOLD DATE : 02/16/2023

Key Details

Sold Price $4,165,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 9,648 sqft

Price per Sqft $431

MLS Listing ID GD22233047

Sold Date 02/16/23

HOA Y/N No

Year Built 1981

Lot Size 0.345 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Total Parking Spaces 19

Building

Lot Description Rectangular Lot, Street Level

Story 2

Water Public

Others

Tax ID 5641011014

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Hovik Sarkissian • Providence Real Estate
Bought with Rafi Ekmekian • eXp Realty of California Inc

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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