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    123 Call Broker For It Glendale, CA 91205

    Sponsored
    For Sale
    $4,500,000

    Profitable Restaurant & Banquet Facility

    Property size:
    13,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,500-square-foot banquet hall and restaurant in Glendale, CA, is available for sale at $4,500,000. Located on a 10-acre lot, this Class B property boasts a 100% occupancy rate and features multiple versatile event spaces. Built in 1971 and extensively renovated in 2022, the property includes four indoor halls with capacities ranging from 60 to 300 guests, and three outdoor gazebos accommodating 60, 80, and 200 guests respectively. The property operates under a NNN lease structure with single tenancy. This established business enjoys a strong reputation, recognized for its elegant ambiance and exquisite dining. The sale includes both the business and the real estate. The property is situated in Los Angeles County, CA, zip code 91205. This is a unique opportunity to acquire a thriving, high-capacity venue with significant earning potential. The price per square foot is $333.33. This turnkey operation is ready for a new owner to continue its legacy of success. The property's prime location and established reputation make it an attractive investment for discerning buyers. The sale price reflects the combined value of the business and the real estate.

    Property Features for 123 Call Broker For It

    General Information

    Property type
    Investment properties
    Square Feet
    13,500 SF
    Class
    B
    Lot Size
    435,600 SF

    Building Details

    Year Built/Renovated
    1971/2022
    Units
    1

    HighLights

    • Profitable, established restaurant and banquet hall for sale in the Inland Empire, CA.
    • Turnkey opportunity to acquire both the business and real estate.
    • Stunning hilltop location offering breathtaking views and elegant ambiance.
    • Award‑winning establishment recognized as the Inland Empire's best romantic restaurant and banquet hall.
    • Multiple versatile event spaces accommodating 60 to 300 guests, plus outdoor gazebo options for up to 200 guests.
    • Business asking price: $2.5 million. Real estate asking price: $8.5 million. Combined asking price: $10 million (representing a $1 million savings).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2468148
    Latitude
    34.1337367

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    FAQs

    What type of property is this?
    Investment property - Profitable Restaurant & Banquet Facility
    Where is this investment property located?
    The property is located at 123 Call Broker For It Glendale, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Profitable, established restaurant and banquet hall for sale in the Inland Empire, CA.; Turnkey opportunity to acquire both the business and real estate.; Stunning hilltop location offering breathtaking views and elegant ambiance.
    Request Owner's contact information
    123 Call Broker For It Glendale, CA 91205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Call Broker For It Glendale, CA 91205
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