1428 Colorado St Glendale, CA 91205-1596

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.