Glendale, CA 91205,725 S Glendale AVE
Glendale, CA 91205,725 S Glendale AVE
Glendale, CA 91205,725 S Glendale AVE
9
$4,165,000
$3,950,000
5.4%
Est.Price: ?

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9,648 SqFt

725 S Glendale AVE Glendale, CA 91205

Est. payment /mo
SOLD DATE : 02/16/2023

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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

Acres 0.3453

Property Sub-Type Retail

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

Interior

Laundry None

Building

Lot Description Level with Street, Lot 10000-19999 Sqft, Rectangular Lot

Story 2

Water Public

Others

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 1.75

LIST AGRMT Exclusive Right To Sell

SHOW CONTACT TYPE See Remarks

SHOW INSTRUCTIONS PLEASE DO NOT DISTRUB TENANTS. Interior showings/inspection with accepted offer only.

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CRMLS Plus
Listed by Providence Real Estate
Bought with eXp Realty of California Inc
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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