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6340 San Fernando Road, Glendale, CA 91201

Commercial property

6340 San Fernando Road, Glendale, CA 91201 Sold April 2023 CRMLS
$4,500,000Sold April 2023

Listing Agent: Vineendra Jain (DRE #01413466) · Listing Office: Ingenious Asset Group, Inc. · Contact: 310-331-8552 · Bought with: Vineendra Jain · Ingenious Asset Group, Inc. · MLS #22223964 · Source: CRMLS

7,152
Building Sq Ft
5
Units
5.01%
Cap Rate
$235,479
NOI
18,430 sqft
Lot Size
1986
Year Built
GLC3*
Zoning
Commercial property
Type

About this commercial property

Great 5-unit retail strip center located in primary commercial street, San Fernando Road, in the city of Glendale. For sale AFTER 21 years! Right at the signalized intersection of San Fernando Rd and Sonora Ave. with high traffic counts. Zoning per title is GLC3. Great current income with upside potential, and low expenses. Great upside potential for a long-term investor. Phase I (completed Dec. 2021) and Limited Phase II Subsurface Investigation (completed in Feb. 2022), for refinance purposes. Conclusions were acceptable to the lender and did not require any further investigations or remedial work. However, buyer(s) are advised to conduct their own due diligence. Sold AS IS and WHERE IS. Please see attached property set-up sheet and rent roll for additional information.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$4,500,000
Sold April 2023 · listed $4,700,000, orig. $4,500,000, on market December 2022 · MLS #22223964 · Source: CRMLS
Listing Agent: Vineendra Jain · Listing Office: Ingenious Asset Group, Inc. · Contact: 310-331-8552 · Bought with: Vineendra Jain · Ingenious Asset Group, Inc.
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