Retail Building with
For Sale
$1,700,000
Pending
3447 Ocean View, Glendale, CA 91208
Flexible commercial layout combines a prominent showroom, reception area, private offices, and two restrooms.
Property Size2,375 SF
Days on Market51
Property Features for 3447 Ocean View
General Information
Standard status
Pending
Size
2,375 SF
Property subtype
Retail
Building Details
Building Size
2,375 SF
Year Built
1946
Listing Agency:
Remax Optima
Listed By:
Khajak Nazarian · License #00962521
(818) 521-7788
Source:
Truthrealty
Added: Aug 27
Changed: Oct 14
Last Checked: Oct 16 at 2:59PM
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 Remax Optima
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Investment Insights
Based on property information with market context.
Built in 1946, this retail property offers a flexible interior suited to retail or office use. The layout includes an expansive showroom, reception area, private offices, and two restrooms, providing a practical combination of customer-facing and administrative space.
The property is situated in Glendale’s Montrose Village area, with walking access to local restaurants, coffee shops, bakeries, and entertainment. Regional connectivity includes proximity to the 210 and 2 freeways, with the 134 freeway also a short drive away. Downtown Los Angeles, the San Fernando Valley, and the San Gabriel Valley are within convenient reach.
The property is situated in Glendale’s Montrose Village area, with walking access to local restaurants, coffee shops, bakeries, and entertainment. Regional connectivity includes proximity to the 210 and 2 freeways, with the 134 freeway also a short drive away. Downtown Los Angeles, the San Fernando Valley, and the San Gabriel Valley are within convenient reach.
Key Highlights
- Retail property with open floor plan
- Large showroom with reception area
- Private offices and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,702
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,040
$1.8M
Cap Rate 7%
$1,267,171
$1.3M
Cap Rate 9%
$985,578
$985.6K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$134.8K $56.76/SF
− Vacancy
−$8.1K −$3.41/SF
EGI
$126.7K $53.35/SF
− OpEx
−$38.0K −$16.01/SF
NOI
$88.7K $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%
$1,774,040
Cap Rate 7%
$1,267,171
Cap Rate 9%
$985,578
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,702 @ 7.0% cap · market cap 5.22%
Second Best
Office B
$667.6K
$584.1K – $778.9K
NOI $46,731 @ 7.0% cap · market cap 2.75%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,987 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Explore this area
Business Placement
Demographics for 91208, CA
16,776
Population
6,450
Households
2.6
Avg Household Size
45
Median Age
62%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,267
Density / Sq Mi
$131,229
Median Household Income
$63,676
Median Earnings
$2,361
Median Rent
$1,276,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial layout combines a prominent showroom, reception area, private offices, and two restrooms.
Where is this retail space located?
The property is located at 3447 Ocean View Glendale, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Retail property with open floor plan; Large showroom with reception area; Private offices and two restrooms
