name

The Verdara

  • Glendale, CA
  • $36,000,000

ABOUT

Presenting The Verdara, a 50-unit luxury apartment complex located in premier downtown Glendale, California, directly across the street from the iconic Americana at Brand. This 2017-built property offers an exceptional investment opportunity with a 50 unit parcel, an ideal opportunity for investors interested in pursuing a potential luxury condominium conversion project in a prime location. The nearly 76,000 sq ft compound spans from street-to-street, complete with gated subterranean parking. This newer construction offers a variety of floorplans and well-appointed amenities. Premier Glendale Downtown location, Steps to the Americana at Brand & the Glendale, very close to the Armenian American Museum, and promenade to all the outdoor cafes on Brand Blvd, nightlife entertainment, and fine dining. Ultimately, The Verdara offers its residents with an abundance of conveniences including live, work, while enjoying a fun City lifestyle! Property Details Summary: Subdivided Tract Map for 50 units Building Size: 75,741 sq ft (per tax assessors)Lot Size: 21,885 sq ft (per tax assessors)List Price: $36,000,000.00Price Per Unit: $720,000.00 CAP Rate: 4.01% GRM: $16.03 Building Features:50 luxury apartment homes with the potential for new investors to pursue applications for luxurious condo conversionGated subterranean parking with 85 spacesStreet-to-street lot with two entry points, including a secondary address at 203 W Elk Avenue, Glendale 91204Premier downtown Glendale location, offering the ultimate live, work, and play lifestyle. Property Highlights & Amenities:Attractive floor plans including penthouse lofts, high ceilings, fireplaces, and scenic viewsWalk-in closetsStainless steel kitchen appliances, Caesarstone countertops, custom cabinets, and balconiesInside-unit laundryOpen-air community lounge- recreation-social room, formal lobby, fitness center, mail room, and on-site leasing office Easy access to Four Major Freeways: the I-5 Golden State Freeway, the 2 Glendale Freeway, the 134 Ventura Freeway, and the 210 Foothill FreewayLocation centric conveniences: Step into the highly sought out global destination, the Americana at Brand, by crossing the street from the main Verdara lobby. Here, residents, tourists, visitors, find high end retailers, restaurants, movie theatres, outdoor activities and live entertainment all nestled around the Americana's beautiful grand fountain on the Green. Next door is the Glendale Galleria shopping mall, the Armenian American Museum currently under construction next to the Glendale Library, and the spectacular Brand Blvd's vibrant promenade of outdoor cafes, nightlife, and fine dining. Residents enjoy the conveniences of City Living and an easy access to Los Angeles four major freeways accommodating a short drive to the Bob Hope airport in Burbank & Downtown Los Angeles as well as to the adjacent communities including La Canada Flintridge, Pasadena, and the Foothills.Exclusively Listed by: Silva Hameline, Broker at Hameline GlobalFor detailed information, email: [email protected]
Presenting The Verdara, a 50-unit luxury apartment complex located in premier downtown Glendale, California, directly across the street from the iconic Americana at Brand. This 2017-built property offers an exceptional investment opportunity with a 50 unit parcel, an ideal opportunity for investors interested in pursuing a potential luxury condominium conversion project in a prime location. The nearly 76,000 sq ft compound spans from street-to-street, complete with gated subterranean parking. This newer construction offers a variety of floorplans and well-appointed amenities. Premier Glendale Downtown location, Steps to the Americana at Brand & the Glendale, very close to the Armenian American Museum, and promenade to all the outdoor cafes on Brand Blvd, nightlife entertainment, and fine dining. Ultimately, The Verdara offers its residents with an abundance of conveniences including live, work, while enjoying a fun City lifestyle!

Property Details Summary:
Subdivided Tract Map for 50 units
Building Size: 75,741 sq ft (per tax assessors)
Lot Size: 21,885 sq ft (per tax assessors)
List Price: $36,000,000.00
Price Per Unit: $720,000.00
CAP Rate: 4.01%
GRM: $16.03

Building Features:
50 luxury apartment homes with the potential for new investors to pursue applications for luxurious condo conversion
Gated subterranean parking with 85 spaces
Street-to-street lot with two entry points, including a secondary address at 203 W Elk Avenue, Glendale 91204
Premier downtown Glendale location, offering the ultimate live, work, and play lifestyle.

Property Highlights & Amenities:
Attractive floor plans including penthouse lofts, high ceilings, fireplaces, and scenic views
Walk-in closets
Stainless steel kitchen appliances, Caesarstone countertops, custom cabinets, and balconies
Inside-unit laundry
Open-air community lounge- recreation-social room, formal lobby, fitness center, mail room, and on-site leasing office
Easy access to Four Major Freeways: the I-5 Golden State Freeway, the 2 Glendale Freeway, the 134 Ventura Freeway, and the 210 Foothill Freeway

Location centric conveniences: Step into the highly sought out global destination, the Americana at Brand, by crossing the street from the main Verdara lobby. Here, residents, tourists, visitors, find high end retailers, restaurants, movie theatres, outdoor activities and live entertainment all nestled around the Americana's beautiful grand fountain on the Green. Next door is the Glendale Galleria shopping mall, the Armenian American Museum currently under construction next to the Glendale Library, and the spectacular Brand Blvd's vibrant promenade of outdoor cafes, nightlife, and fine dining. Residents enjoy the conveniences of City Living and an easy access to Los Angeles four major freeways accommodating a short drive to the Bob Hope airport in Burbank & Downtown Los Angeles as well as to the adjacent communities including La Canada Flintridge, Pasadena, and the Foothills.

Exclusively Listed by: Silva Hameline, Broker at Hameline Global
For detailed information, email: [email protected]
Presenting The Verdara, a 50-unit luxury apartment complex located in premier downtown Glendale, California, directly across the street from the iconic Americana at Brand. This 2017-built property offers an exceptional investment opportunity with a 50 unit parcel, an ideal opportunity for investors interested in pursuing a potential luxury condominium conversion project in a prime location. The nearly 76,000 sq ft compound spans from street-to-street, complete with gated subterranean parking. This newer construction offers a variety of floorplans and well-appointed amenities. Premier Glendale Downtown location, Steps to the Americana at Brand & the Glendale, very close to the Armenian American Museum, and promenade to all the outdoor cafes on Brand Blvd, nightlife entertainment, and fine dining. Ultimately, The Verdara offers its residents with an abundance of conveniences including live, work, while enjoying a fun City lifestyle! Property Details Summary: Subdivided Tract Map for 50 units Building Size: 75,741 sq ft (per tax assessors) Lot Size: 21,885 sq ft (per tax assessors) List Price: $36,000,000.00 Price Per Unit: $720,000.00 CAP Rate: 4.01% GRM: $16.03 Building Features: 50 luxury apartment homes with the potential for new investors to pursue applications for luxurious condo conversion Gated subterranean parking with 85 spaces Street-to-street lot with two entry points, including a secondary address at 203 W Elk Avenue, Glendale 91204 Premier downtown Glendale location, offering the ultimate live, work, and play lifestyle. Property Highlights & Amenities: Attractive floor plans including penthouse lofts, high ceilings, fireplaces, and scenic views Walk-in closets Stainless steel kitchen appliances, Caesarstone countertops, custom cabinets, and balconies Inside-unit laundry Open-air community lounge- recreation-social room, formal lobby, fitness center, mail room, and on-site leasing office Easy access to Four Major Freeways: the I-5 Golden State Freeway, the 2 Glendale Freeway, the 134 Ventura Freeway, and the 210 Foothill Freeway Location centric conveniences: Step into the highly sought out global destination, the Americana at Brand, by crossing the street from the main Verdara lobby. Here, residents, tourists, visitors, find high end retailers, restaurants, movie theatres, outdoor activities and live entertainment all nestled around the Americana's beautiful grand fountain on the Green. Next door is the Glendale Galleria shopping mall, the Armenian American Museum currently under construction next to the Glendale Library, and the spectacular Brand Blvd's vibrant promenade of outdoor cafes, nightlife, and fine dining. Residents enjoy the conveniences of City Living and an easy access to Los Angeles four major freeways accommodating a short drive to the Bob Hope airport in Burbank & Downtown Los Angeles as well as to the adjacent communities including La Canada Flintridge, Pasadena, and the Foothills. Exclusively Listed by: Silva Hameline, Broker at Hameline Global For detailed information, email: [email protected]
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2017

2017

Year Built

0.5

0.5

Acres

Lot Size

image

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01

Interior

Laundry room

Washer/Dryer Hookup

Fireplace

Yes

Appliances

Stainless Steel Appliances

Other Interior Features

Walk-In Closets
01

Exterior & Building

Stories

5

Air Conditioning

Yes

Other Exterior Features

Balcony, Fitness Center
01

Lot & Area

Status

Now Pending – Under Contract

Total Area

75,741 Sq.Ft.

Lot Size

0.5 Acres

MLS® ID

33017333

Type

Multi-Family , Commercial

Year Built

2017
01

Finance

Sales Price

$36,000,000

Zoning

GLR4YY

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Silva Hameline

EM

Silva Hameline

CEO | Broker & Founder

00964974

She is passionate about her clients and provides each one with a personalized experience as they navigate the real estate market together.

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