1428 Colorado St Glendale, CA 91205-1596
Property profile & analytics
1428 Colorado St, Glendale, CA 91205-1596
- Community centers
- 7,048 SF
- 0.32 lot acres
Property ID
US09-7007529
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bagnet Restaurant / Restaurant
- Fu House Chinese Food and Sushi / Restaurant
- K Taekwondo - Glendale / Sports School / Training Center
- Smile Experts Dental - Dr. Elvira Nario, DDS / Dental Office
- Ms Kawaii Eyelash - Glendale / Hair Salon
Property Details for 1428 Colorado St
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.32 lot acres
- Zone code
- GLCM
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 5680-022-020
- APU
- 5680022020
Description
This 7,068-square-foot retail center in Glendale, CA, presents a compelling investment opportunity. Priced at $4,995,000, it boasts a 5.66% cap rate and a strong NOI of $282,834. Built in 1979 on a 0.32-acre lot (APN 5680-022-020), the property is 100% occupied by a mix of internet-resistant tenants, with 57% operating for over 11 years and 65% for over 6 years. Its prime location on Colorado Street, a major thoroughfare with over 43,000 cars daily, benefits from high traffic counts and proximity to a top-performing Ralphs supermarket, drawing "daily needs" traffic. The area features over 2 million square feet of nearby lifestyle retail, including Americana at Brand and Glendale Galleria. A strong daytime population of 208,675 employees within a 5-mile radius and a dense, affluent residential base (553,512 people with average household incomes exceeding $119,000 within 5 miles) further enhance its appeal. The property's location across from Glendale High School (2,068 students) and its proximity to major freeways and other Los Angeles County cities like Pasadena and Burbank contribute to its exceptional investment potential. This multi-tenancy property offers a stable income stream and significant upside potential in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,310,000
- ML approach
- $4,430,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,945,000
- 6.5%
- $4,565,000
- 7%
- $4,240,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,362,000
Market price range: $1.58M - $9.98M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,290,000 Current use
- RESTAURANT
- $4,660,000 Change: +9% Conversion: Difficult
- OFFICE BUILDING
- $3,635,000 Change: -15% Conversion: Moderate
- RETAIL STORES
- $3,630,000 Change: -15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,525,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.233
- Latitude
- 34.1425
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$40,241
$1,446,156
$2,169,234
$3,615,390
-
$0.00
$0.00
$0.00
