$3,650,000
$4,100,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 06/16/2021
Key Details
Sold Price $3,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20646384
Sold Date 06/16/21
HOA Y/N No
Year Built 1914
Lot Size 0.455 Acres
Property Description
Rare first time on Market. Super prime busy traffic Montrose Shopping Park - "Main St. - Old Town" Character.The "Park" is home to successful restaurants and shops. Located within the city of Glendale. Corner or Verdugo and Honolulu off the 210 Freeway. Property owned by the same Montrose family for years. Month to month leases allow an investor to work with current tenants to add value through building upgrades and releasing. Area rents have been climbing steadily. The building is 11600 Sq. Ft. and the property is almost 20,000 Sq. Ft. and includes a 5,000 Sq. Ft. parking lot (APN: 5615-001-015) that could be developed. City lots in the rear and across the street add substantial parking. Montrose hosts weekly harvest market and the Association organizes many community events.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning GCC3*
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Others
Tax ID 5615001001
Special Listing Condition Standard
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Bought with Michael R. Fukushima • Keller Williams Downtown LA