821 E Colorado Street

    Glendale, CA 91205
    • $1,800,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: GD17247565
    UPDATED: 37 min ago
    $1,800,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,170
      SQFT
    • $829
      $/SQFT
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    We are pleased to present a retail and residential mixed use property, located on a busy thoroughfare in Glendale, California. The property is located at 821 E Colorado Boulevard less than one mile from the Glendale Galleria and the Americana at Brand. The offering consists of one retail building, two two-bedroom residential units and one studio unit. The asset is 100% occupied with month-to-month tenants or tenants that have very short term leases.The property is zoned C3 and is in the height district I, which is favorable for development. The property is directly adjacent to a medical office building and neighbors another multi story office building structure. Based on our interpretation, C3 zoning allows for a zero front setback, and a Height District I allows for up to 3 stories and a max height of 45 feet.A Buyer for this asset can enjoy the income as they plan a larger commercial development or purchase the asset as a long term hold strategy with development as future potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-23T14:30:08.457. 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, 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.
    www.themarellygroup.com/homes/78353185

    821 E Colorado Street Glendale, CA 91205

    • Price: $1,800,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: GD17247565
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,170
    SQFT
    $829
    $/SQFT
    1921
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    We are pleased to present a retail and residential mixed use property, located on a busy thoroughfare in Glendale, California. The property is located at 821 E Colorado Boulevard less than one mile from the Glendale Galleria and the Americana at Brand. The offering consists of one retail building, two two-bedroom residential units and one studio unit. The asset is 100% occupied with month-to-month tenants or tenants that have very short term leases.The property is zoned C3 and is in the height district I, which is favorable for development. The property is directly adjacent to a medical office building and neighbors another multi story office building structure. Based on our interpretation, C3 zoning allows for a zero front setback, and a Height District I allows for up to 3 stories and a max height of 45 feet.A Buyer for this asset can enjoy the income as they plan a larger commercial development or purchase the asset as a long term hold strategy with development as future potential.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 1.89 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 61200.00 Gross Multiplier 29.00 Gross Operating Income 61200.00 Gross Scheduled Income 61200.00 Improvements Amount 829 Insurance Expense 1300.00 Land Lease YN No Land Value 287 Laundry YN No Maintenance Expense 1000.00 Net Operating Income 33964.00 New Taxes Expense 21600.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 21800.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 5100.00 Total Expenses 25400.00 Trash Expense 0.00 Vacancy Allowance 1836 Vacancy Allowance Rate 3.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor Zoning Glcm*

    Listing provided courtesy of Krikor Garabedian of Keller Williams R. E. Services and Berj Setian of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-23T14:30:08.457. 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, 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.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003