109 Cedar StGlendale, CA 91206

Property Details for 109 Cedar St

Year built

1924

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

1,282 SF

Zone code

GLC3*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5674-005-018

APU

5674005018

Description

This stunning, newly renovated 1,781 square foot retail property is located in the heart of Downtown Glendale, CA, boasting a prime location and versatile C3 zoning. The single-story building underwent a complete transformation in 2023, featuring a brand new roof, a state-of-the-art energy-efficient centralized HVAC system, and fully updated electrical and plumbing systems. The property sits on a 0.17-acre lot and includes a significant advantage: a rear concrete parking area complete with an ADA-compliant access ramp, providing ample parking for customers and employees. This exceptional property presents a rare opportunity for a variety of business ventures, offering modern amenities and excellent accessibility in a high-traffic area. Its strategic location in Downtown Glendale ensures high visibility and convenient access to a thriving community. The C3 zoning allows for a wide range of uses, making it an ideal investment for entrepreneurs seeking a versatile and well-equipped commercial space. The recent renovations guarantee a move-in ready condition, minimizing upfront costs and maximizing immediate return on investment. Don't miss this chance to own a piece of Glendale's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $518,126

  6.5%

  $478,270

  7%

  $444,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $377,867

  Geo Method

  $377,867

• Alternative Use

  Use

  Valuation

  Residential

  $478,270

  Hospitality

  $438,093

  Educational

  $364,488

  Medical

  $377,024

  Retail

  $566,982

Location Insight

City

Glendale

County

Los Angeles

State

California

Latitude

34.1467

Longitude

-118.245

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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