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821 E Colorado Street, Glendale, CA 91205

$1,800,000

Number of Units: 4
Type: Multi-Unit Residential
Request Information
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.
Property Features
Location Information
County: Los Angeles
MLS Area: Glendale-South of 134 Fwy
Directions: Property is located on 821 E. Colorado St.
Interior Features
Laundry: None
Total Number of Units: 4
Exterior Features
Stories: One
Water Source: Public
Gas Meters: 4
Garage Spaces: 0
Parking Spaces: 4
Has a Pool: No
Pool Description: None
Lot Description: 2-5 Units/Acre
Lot Size in Acres: 0.144
Approximate Size (Sq. Ft.): 2, 170
Lot Size in Sq. Ft.: 6, 276
Zoning: GLCM*
Additional Information
Attached Structure: 0
Property Type: RI
Year Built: 1921
APN: 5674019015
Status: Active
Is Aged Restricted: No
HOA Fee: 0
Lot Square Feet Source: Assessor
List Date: 2017-10-31 00:00:00.0


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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Krikor Garabedian Keller Williams R. E. Services - CA BRE # shown above if in IDX data
This listing's co-agent is: Berj Setian
©2018 CARETS. All rights reserved. Based on information from CARETS as of January 16, 2018 1:28 PM PT The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 16, 2018 1:28 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.