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Now Pending – Under Contract

124 W Colorado Street

124 W Colorado Street, Glendale, CA 91204

$36,000,000
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, a 50-unit parcel, an ideal opportunity 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.

75,741 Sq.Ft. LIVING AREA

21,885 Acres lot

Silva Hameline

Silva Hameline

Features & Amenities

Interior

  • Laundry room Inside

Area & Lot

  • Status Now Pending – Under Contract
  • Living Area75,741 Sq.Ft.
  • Lot Area21,885 Acres
  • MLS® IDP1-19504
  • TypeCommercial
  • YEAR BUILT2017
  • NeighborhoodGlendale

Exterior

  • STORIES5
  • water SourcePublic
  • security FeaturesResident Manager

Financial

  • Sales Price$36,000,000
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Thank you for your interest in 124 W Colorado Street, Glendale, CA 91204. We are reviewing your request and will be in touch shortly!
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Contact Details

Hameline Global

Phone

(310) 456-4519

Email

[email protected]

Phone

(818) 500-4007

Address

2505 Canada Blvd, #3 Glendale CA 91208 SILVA HAMELINE | CA DRE# 00964974

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