$2,310,000
$2,500,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/11/2018
Key Details
Sold Price $2,310,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18020807
Sold Date 06/11/18
HOA Y/N No
Year Built 1979
Annual Tax Amount $26,500
Property Description
4141 Ocean View Blvd, a single-tenant office building located just north of the Montrose Shopping District. This highly visible single structure office building is perfect for an owner-user looking to retain the existing tenant or utilize the entire square footage. Separate suites, with their own addresses, allow a buyer to lease out portions of the building and maximize rental income on unneeded space. The property is located within the City of Glendale and boarders La Crescenta and the desirable city of La Canada Flintridge. The property features 14 parking spaces which is high for similar type buildings in the area and allows for ample employee and visitor parking. Close proximity to the Montrose Shopping District and downtown Glendale make this a desirable location for business owners who want to be close to Restaurants and Stores without the hassle of being in the thick of things.
The property is conveniently located right off of the 210 Freeway and easily accessible to Downtown Glendale, Downtown LA, and Pasadena.
All 4 units, 5,915 are occupied by one tenant on a master lease. Rents are currently $9500. Lease can be terminated with 6 months notice, however the current tenant would like to stay, and is willing to renegotiate terms with said notice.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning LCR3
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry None
Exterior
Total Parking Spaces 14
Building
Story 1
Water Public
Others
Tax ID 5807003043
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Kenny Chung • Bee Investment, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner