Mixed-Use Building with
New
For Sale
$1,950,000
217 N Verdugo Rd, Glendale, CA 91206
Two commercial spaces share the property with a residential component and three uncovered parking spaces.
Property Size2,551 SF
Lot Size0.12 Acres
Price / SF$764.41
Days on Market3
Property Features for 217 N Verdugo Rd
General Information
Standard status
Active
Size
2,551 SF
Total Parking Spaces
3
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
GLC3*
Site & Location
Neighborhood
Woodbury
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
3
Building Details
Building Size
2,551 SF
Year Built
1922
Units
5
Listing Agency:
JohnHart Real Estate
Listed By:
Marlin Dginguerian · License #01930762
(818) 415-1516
Source:
Elliman
Added: Oct 24
Last Checked: Oct 24 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JohnHart Real Estate
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Investment Insights
Based on property information with market context.
At 217 N Verdugo Road, this mixed-use property combines two storefronts with three residential units positioned at the rear. The building contains approximately 2,551 square feet on a 5,522-square-foot lot and was built in 1922. GLC3* zoning applies, and the site has three uncovered parking spaces.
Walk Score is 98, Bike Score is 65, and Transit Score is 65. The property is in Glendale, California.
Walk Score is 98, Bike Score is 65, and Transit Score is 65. The property is in Glendale, California.
Key Highlights
- Two storefronts and three residential units at the rear
- Approximately 2,551 square feet of building area on a 5,522‑square‑foot lot
- GLC3* zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,275
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,905,500
$1.9M
Cap Rate 7%
$1,361,071
$1.4M
Cap Rate 9%
$1,058,611
$1.1M
Market Conditions
NOI Build-Up for 2,551 SF
Gross rent
$144.8K $56.76/SF
− Vacancy
−$8.7K −$3.41/SF
EGI
$136.1K $53.35/SF
− OpEx
−$40.8K −$16.01/SF
NOI
$95.3K $37.35/SF
Area
Glendale, CA
Vacancy
6.00%
Lease Rate
$56.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,905,500
Cap Rate 7%
$1,361,071
Cap Rate 9%
$1,058,611
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,275 @ 7.0% cap · market cap 4.89%
Second Best
Mixed Use
$721.6K
$631.4K – $841.9K
NOI $50,515 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,396 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,969
Businesses Nearby
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Business Placement
Demographics for 91206, CA
33,252
Population
13,767
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
5,733
Density / Sq Mi
$86,684
Median Household Income
$52,517
Median Earnings
$2,159
Median Rent
$1,094,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces share the property with a residential component and three uncovered parking spaces.
Where is this mixed-use property located?
The property is located at 217 N Verdugo Rd Glendale, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two storefronts and three residential units at the rear; Approximately 2,551 square feet of building area on a 5,522‑square‑foot lot; GLC3* zoning
