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730 Salem Street, Glendale, CA 91203

Commercial property

730 Salem Street, Glendale, CA 91203 Sold June 2023 CRMLS
$3,000,000Sold June 2023

Listing Agent: Max Pellegrini (DRE #01196363) · Listing Office: Dilbeck Real Estate · Contact: (626) 584-0101 · Bought with: Pakrad Markarian · Remax Optima · MLS #P1-11290 · Source: CRMLS

6,454
Building Sq Ft
2.70%
Cap Rate
$97,059
NOI
1939
Year Built
Commercial property
Type

How this sale compares

730 Salem Street sold for $3,000,000 in June 2023, 14% under its $3,500,000 list price, after 155 days on the market.

155
Days on market
−14%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

Description

Dramatic renovated Glendale industrial building. A rare opportunity to secure a prime Glendale location. Built in 1939, the unique 6,500 sf property is enhanced by updated design, sweeping open space and light-streaming windows. Updated throughout in 2019, it boasts newer HVAC systems, bathrooms, kitchen, roofing, flooring, paint and more. Dramatic wood beamed ceilings define the sprawling main space; as well as the nearly 3,000-square-foot warehouse that boasts 14-foot ceilings and a cargo garage door. Two large workrooms can be used for more storage. Four offices are highlighted by an executive suite with private entrance and bathroom. An open area with desk space and a spectacular glass conference room complete the work setting. A security alarm system with exterior cameras protects the property. Set at the end of the street, close to Golden Road Brewery and downtown Glendale, the site features easy access to the 5/134 freeway interchange and Metrolink.

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

Sale history

$3,000,000
Sold June 2023 · listed $3,500,000, on market September 2022, 155 days on market · MLS #P1-11290 · Source: CRMLS
Listing Agent: Max Pellegrini · Listing Office: Dilbeck Real Estate · Contact: (626) 584-0101 · Bought with: Pakrad Markarian · Remax Optima
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