• Asking Price $36,000,000

  • 124 West Colorado Street Glendale, CA 91204

  • Multi-family (2-4 units) / Resale (MLS)
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Property Details for 124 West Colorado Street, Glendale, CA 91204

Facts

  • Year Built: 01/01/2017
  • Property ID: 923951116
  • MLS Number: P1-19504
  • Property Type: Multi-family (2-4 units)
  • County: LOS ANGELES
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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 with 50 legally subdivided unit parcels, making it ideal 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.

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Property Brokerage: Hameline Global 2505 Canada Blvd. Suite 4, Glendale, CA 91208 Glendale CA 91208
Copyright © 2024 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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