320 Arden Ave Glendale, CA 91203

Property Details for 320 Arden Ave

Year built

1984

Lot size

0.59 lot acres

Property size

25,156 SF

Zone code

GL C-2

Property type

Office buildings

APN

5636-013-157

APU

5636013157

Description

This exceptional offering presents a rare opportunity to acquire one or both of these meticulously maintained Class B office buildings situated on Arden Avenue in Glendale, CA. The two buildings, totaling 43,365 square feet of net rentable space, are located on separate 0.98-acre parcels and can be purchased individually or as a portfolio. Built in 1984, these two-story buildings boast a desirable multi-tenant configuration and feature attractive landscaping, outdoor patios, and private balconies. Recent capital improvements exceeding $500,000 have been implemented, including new roofs, exterior paint, elevator upgrades, and HVAC system enhancements. The buildings benefit from secured subterranean parking with direct elevator access to suites. This prime location offers a quiet neighborhood setting with a Walk Score of 90, providing convenient access to a wealth of amenities, including The Americana at Brand and Glendale Galleria. The property enjoys excellent freeway access via the I-5, SR-2, SR-134, and I-210 freeways. The asking price is $14,960,000, translating to $344.98 per square foot. This presents a compelling investment opportunity in a highly sought-after Glendale micro-market with a low vacancy rate of 5.5% (according to Costar). The buildings are currently the only freestanding boutique office buildings available for sale in this area, ranging from 10,000 to 30,000 square feet, adjacent to the Glendale central business district.

Location Insight

City

Glendale

County

Los Angeles

State

California

Longitude

-118.259

Latitude

34.1582

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments