211 Verdugo RdGlendale, CA 91205

Property Details for 211 Verdugo Rd

Year built

1924

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

1,850 SF

Zone code

GLC3*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5680-006-035

APU

5680006035

Description

This exceptional mixed-use commercial building at 211 S Verdugo Rd, Glendale, CA 91205, presents a rare investment opportunity. The property boasts 1,850 square feet situated on a 0.071-acre lot (APN 5680006035) and features two separate entrances, enhancing its versatility. The building is a two-story structure, currently configured as an executive office space on the ground floor and a residential unit upstairs. The upper level includes a kitchen, bathroom, and private patio, offering significant flexibility for future use. The asking price is $1,750,000, translating to $945.95 per square foot. Its prime location offers easy access to Glendale's bustling downtown area, making it ideal for a variety of commercial uses, including retail, office space, or a combination thereof. The property is served by public water. This presents a unique chance to acquire a well-situated building with substantial potential for both immediate income generation and future development. The existing residential space could be easily converted to expand the commercial footprint or continue to generate rental income. Don't miss this chance to own a piece of Glendale's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $602,973

  6.5%

  $556,590

  7%

  $516,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,796

  Geo Method

  $351,796

• Alternative Use

  Use

  Valuation

  Residential

  $690,172

  Hospitality

  $632,194

  Educational

  $525,978

  Medical

  $544,067

  Retail

  $818,187

Location Insight

City

Glendale

County

Los Angeles

State

California

Latitude

34.144

Longitude

-118.235

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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