Glendale, CA 91204,124 W Colorado ST
Glendale, CA 91204,124 W Colorado ST
Glendale, CA 91204,124 W Colorado ST
Glendale, CA 91204,124 W Colorado ST
Glendale, CA 91204,124 W Colorado ST
Glendale, CA 91204,124 W Colorado ST
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$ 36,000,000
Est. payment | /mo

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$ 36,000,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID P1-19504

HOA Y/N No

Year Built 2017

Lot Dimensions Public Records

Property Description

Presenting The Verdara, a turnkey 50-unit luxury apartment complex located in premier downtown Glendale, California, directly across the street from the iconic Americana at Brand. This 2017-built property offers an exceptional investment opportunity, a 50-unit parcel, an ideal opportunity for investors interested in pursuing a potential luxury condominium conversion project in a prime location. The nearly 76,000 sq ft compound spans from street-to-street, complete with gated subterranean parking. This newer construction offers a variety of floorplans and well-appointed amenities. Premier Glendale Downtown location. Ultimately, The Verdara offers its residents an abundance of conveniences including live, work, while enjoying a fun City lifestyle! Property Details Summary:Building Size: 75,741 sq ft (per tax assessors)Lot Size: 21,885 sq ft (per tax assessors)List Price: $36,000,000.00Price Per Unit: $720,000.00Building Features: 50 luxury apartment homes with the potential for new investors to pursue applications for luxurious condo conversion Gated subterranean parking with 85 spaces, Street-to-street lot with two entry points, including a secondary address at 203 W Elk Avenue, Glendale CA 91204. Premier downtown Glendale location, offering the ultimate live, work, and play lifestyle. Property Highlights & Amenities: Attractive floor plans including penthouse lofts, high ceilings, fireplaces, and scenic views, Walk-in closets, Stainless steel kitchen appliances, Caesarstone countertops, custom cabinets, and balconies, Inside-unit laundry, Open-air community lounge- recreation-social room, formal lobby, fitness center, mail room, and on-site leasing office. Location centric conveniences: Across the street from the main Verdara lobby is the highly sought out global destination, the Americana at Brand. Next door is the Glendale Galleria shopping mall, the Armenian American Museum currently under construction, Glendale Library, and the spectacular Brand Blvd's vibrant promenade of outdoor cafes, nightlife, and fine dining. Residents enjoy the conveniences of City Living and an easy access to LA's four major freeways accommodating a short drive to Burbank Airport and DTLA.

Location

State CA

County Other

Area 628 - Glendale-South Of 134 Fwy

Interior

Fireplace No

Laundry Inside

Exterior

Fence None

Present Use Multi-Family

Total Parking Spaces 85

Building

Dwelling Type Multi Family

Story 5

Water Public

Others

Tax ID 5641001032

Security Features Resident Manager

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Silva Hameline • Hameline Global

GET MORE INFORMATION

Dan Andrizzi

Broker-Associate | Lic# 01440387

+1(805) 475-3736

971 South Westlake Boulevard, Suite # 100, Village, CA

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124 W Colorado ST