701 Brand BlvdGlendale, CA 91203

  • Office properties
  • 138,434 SF
For Sale

Property Details for 701 Brand Blvd

Year built
1979
Construction
STEEL FRAME
Lot size
1.12 AC
Property size (Sq ft)
138,434 SF
Zone code
GLC3*
Property type
Office properties
Property subtype
Office buildings
APN
5644-003-078
APU
5644003078

Description

701 N. Brand Boulevard offers exceptional office space in the heart of Glendale. This eight-story building, totaling 133,748 square feet, provides multiple tenancy options with a minimum divisible space of 1,788 square feet and currently has 13,417 square feet vacant. Two spaces are immediately available, ranging from 1,788 to 4,759 square feet, perfect for businesses seeking flexible and adaptable work environments. The building boasts ample free parking for tenants and visitors, conveniently accessible from North Central Avenue, Arden Avenue, and North Brand Boulevard. Its prime location within the Glendale District offers easy access to a wealth of amenities and restaurants, enhancing the convenience and appeal for employees and clients alike. The building is currently owned by the California Credit Union, reflecting a stable and reputable ownership. This property presents a unique opportunity to establish a presence in a thriving Glendale business district, benefiting from a strategic location and abundant parking. The building's size and layout offer versatility, catering to a range of business needs and sizes. Consider this exceptional Glendale office space for your next business venture.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $45,119,944
    6.5%
    $41,649,180
    7%
    $38,674,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $26,324,610
    Geo Method
    $26,324,610
  • Alternative Use

    Use
    Valuation
    Residential
    $51,644,984
    Hospitality
    $47,306,528
    Educational
    $39,358,476
    Medical
    $40,712,076
    Retail
    $61,224,296
701 Brand Blvd, Glendale, California

Location Insight

City
Glendale
County
Los Angeles
State
California
Latitude
34.1572
Longitude
-118.256
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$334,305
$5,777,861
$22,985,848
$28,763,709
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