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$36,000,000
1 Day Online

124 W Colorado Street
Glendale, CA 91204

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
75,741
SqFt
$475
/SqFt
2017
Built
County:
Other
Listed by Silva Hameline of Hameline Global elite@silvahameline.com
Call Now: 805.340.5025
Is this the home for you? We can help make it yours.
805.340.5025
124 W Colorado Street124 W Colorado Street124 W Colorado Street124 W Colorado Street
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Monthly Payment (Est.)

$164,247
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Presenting The Verdara, a 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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Listing Snapshot
Price 
$36,000,000
Days Online 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
75,741 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
21,885 Acres
Year Built 
2017
MLS® Number 
P1-19504
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen online
4 weeks agoListing updated with changes from the MLS®
General Features
Additional Property Use 
Multi-Family
Number Of Stories 
5
Parking Spaces 
85
Property Sub Type 
Multi Family
Special Circumstances 
Standard
SqFt Total 
75741
Water Source 
Public
Interior Features
Cooling 
Heating 
Interior 
Elevator
Laundry Features 
Inside
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Exterior Features
Fencing 
None
Community Features
Financing Terms Available 
1031 Exchange
MLS Area 
628 - Glendale-South of 134 Fwy


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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