124 West Colorado Street
$36,000,000
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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.
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.
- 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
Status | Active |
---|---|
MLS # | P1-19504 |
Days on Market | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 2017 |
Lot Size | 0.50 AC / 21,885 SF |
County | Los 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
Property History for 124 West Colorado Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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