Detailed Introduction Of This Home
Apollo Investment Group and Alexanian Apartment Advisors of Keller Williams Realty World Media Center are pleased to present an excellent mixed-use opportunity located on a major artery, San Fernando Rd., in Glendale, California. The two-story subject property consists of retail/office space on the ground floor and five apartment units on the second floor, along with an office unit. This unique stabilized asset is an exceptional investment prospect with a cap rate of 6.60%. The property features eight on-site tandem parking spaces at the rear of the building. The subject property has a combined building size of 6,736 square feet on a lot size of 5,090 square feet.
The property is located on San Fernando Rd., mid-block between Cerritos Ave and S. Brand Blvd in the coveted Tropico neighborhood of Glendale, CA. Just north of Atwater Village, the property is within 2 miles from access to the Golden State 5 FWY, and just a short distance to the 2 and 134 fwys. It is within close proximity to major amenities, such as The Americana on Brand, The Glendale Galleria, Brand Boulevard of Cars, Costco on Los Feliz Blvd., as well as to many of large studios, including The Walt-Disney Studios, DreamWorks. The versatile nature of the property, high barriers to entry at this product type, and desirable destination, provide an ideal opportunity for a new buyer.
PROPERTY HIGHLIGHTS
• Investment Opportunity
• High Barrier to Entry Glendale Market
• Proximity to the 5, 2, and 134 Freeways
• Well Located in Prime Retail Corridor
• Traffic Count: 32,410 VPD
• On Site Parking Available (8 Tandem)
• Strong Cap Rate and Cash-on-Cash Return