821 E Colorado Street, Glendale, CA 91205
Number of Units: 4
Type: Multi-Unit Residential
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.
MLS Area: Glendale-South of 134 Fwy
Directions: Property is located on 821 E. Colorado St.
Lot Description: 2-5 Units/Acre
Approximate Size (Sq. Ft.): 2, 170
Lot Size in Sq. Ft.: 6, 276
Lot Square Feet Source: Assessor
List Date: 2017-10-31 00:00:00.0
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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
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©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 17, 2018 3:21 AM 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.