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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.
Property Type(s):
Commercial
| Last Updated | 10/5/2024 | Year Built | 2017 |
|---|---|---|---|
| Community | Glendale-South of 134 Fwy | County | Other |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | Glendale-South of 134 Fwy |
| HOA DUES | 0 |
| LOT | 21885 acre(s) |
| STORIES | 5 |
| WATER | Public |
Location
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Listed with Hameline Global
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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