124 West Colorado Street

Glendale, CA 91204

$36,000,000
Price
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Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

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 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...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: $36,000,000.00
Price Per Unit: $720,000.00
Building 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.
  1. Listed by Silva Hameline • DRE #00964974 • Hameline Global

Amenities

  • Penthouse
  • Doorman
  • Washer / Dryer in Unit
  • Air Conditioning
  • High Ceilings
  • Walk-in Closet
  • Subterranean Parking
  • Laundry
LISTING UPDATED: 11/20/2024 03:18 PM

Property Details for 124 West Colorado Street

StatusActive
MLS #P1-19504
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built2017
Lot Size0.50 AC / 21,885 SF
CountyLos Angeles County

Building Information for 124 West Colorado Street

Stories5Residences-Year Built2017Building Size-Lot Size0.50 AC / 21,885 SF

Property Information for 124 West Colorado Street

Summary
Location and General Information
  • Building Area Units: Square Feet
  • City: Glendale
  • Directions: Brand and Colorado across from the Americana at Brand & the Galleria
  • Area: 628 - Glendale-South of 134 Fwy
  • Unparsed Address: 124 West Colorado Street, Glendale, CA 91204
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Acres: .50
  • Lot Size Square Feet: 21,885.00
  • Lot Size Area: 21,885.00
  • Lot Size Source: Public Records
  • Lot Size Units: Square Feet
  • Parcel Number: 5641001032
  • Property Type: Commercial Sale
  • Property Sub Type: Multi Family
Property and Assessments
  • Current Use: Multi-Family
  • Documents Count: 0
  • Sign On Property: No
  • Year Built Source: Public Records
Utilities
  • Cooling: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Security Features: Resident Manager
  • Stories Total: 5
  • Structure Type: Multi Family
Interior Features
  • Total Bathrooms: 0
  • Heating: Yes
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard
Rental
Rental Information
  • Lease Considered YN: No

Property History for 124 West Colorado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 West Colorado Street

Taxable ValueLand$1,561,249Additions$9,747,120Total$11,308,369
Tax Record2018$127,485 ($10,624 / month)
Home Facts
Beds99Above Grade Finished SqFt75,741 SqFtLot Size7,562 SqFtStyleMulti-Family Res (5+ Units)Year Built2017Year Renovated2017ZoningGLC3*CountyLOS ANGELESAPN5641001030

Schools near 124 West Colorado Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Cerritos Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Thomas Edison Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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124 West Colorado Street is a multi-family home for sale in Glendale, CA 91204. This property was listed for sale on October 5, 2024 by Hameline Global, it's currently listed at $36,000,000. This listing's school district is Glendale Unified School District. Nearby schools include Cerritos Elementary School, Theodore Roosevelt Middle School and Herbert Hoover High School. 124 West Colorado Street is a 0-bed, 0-bath, multi-family home built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hameline Global, Silva Hameline, DRE #00964974

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.