1428 Colorado St Glendale, CA 91205-1596
- Community centers
- 7,048 SF
- 0.32 lot acres
Current Use by Public Records
- Bagnet Restaurant / Filipino Restaurant
- Fu House Chinese Food and Sushi / Chinese Restaurant / Japanese Restaurant
- K Taekwondo - Glendale / Taekwondo School / Martial Arts School
- Smile Experts Dental - Dr. Elvira Nario, DDS / Pediatric Dentist / Periodontist
- Ms Kawaii Eyelash - Glendale / Eyelash Salon / Waxing Hair Removal Service
Property Details for 1428 Colorado St
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 7,048 SF
- Zone code
- GLCM
- Property type
- Community 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,975,000
- 6.5%
- $4,930,000
- 7%
- $4,450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,795,000
- Geo Method
- $4,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,185,000
- Retail
- $4,735,000
- Mixed-Use
- $4,795,000
- Hospitality
- $4,365,000
- Educational
- $4,985,000
- Residential Income
- $5,135,000
- Energy
- $4,580,000
- Income-Based Land
- $4,375,000
- Food Service
- $5,235,000
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
