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Listed by Arthur H Mangassarian • Re/Max Tri-City Realty
$4,875,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD-25222239
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Located on a prime corner in North Glendale, 3450 N Verdugo Rd offers excellent visibility along one of the area's busiest streets.
The property is near key community anchors including Verdugo Hills Hospital, Montrose Shopping Center, Verdugo Park, and
Oakmont Country Club—making it ideal for investors, developers, or owner-users.The site includes ±20,000 SF of land across two
parcels and ±10,500 SF of improvements, featuring office space, a dome-shaped high-ceiling structure, a 7-bay mechanic shop,
and ample parking. Zoned for flexible commercial uses, including warehousing, medical, retail, and auto operations. Currently
occupied by month-to-month tenants at below-market rents, the property offers immediate income and repositioning potential.
Approved development plans (ready to pull permits within 6 months) support a mixed-use project with apartments, retail, and 60+
parking spaces. Includes a $3.3M assumable loan with 2 years remaining—an added benefit for qualified buyers.
The property is near key community anchors including Verdugo Hills Hospital, Montrose Shopping Center, Verdugo Park, and
Oakmont Country Club—making it ideal for investors, developers, or owner-users.The site includes ±20,000 SF of land across two
parcels and ±10,500 SF of improvements, featuring office space, a dome-shaped high-ceiling structure, a 7-bay mechanic shop,
and ample parking. Zoned for flexible commercial uses, including warehousing, medical, retail, and auto operations. Currently
occupied by month-to-month tenants at below-market rents, the property offers immediate income and repositioning potential.
Approved development plans (ready to pull permits within 6 months) support a mixed-use project with apartments, retail, and 60+
parking spaces. Includes a $3.3M assumable loan with 2 years remaining—an added benefit for qualified buyers.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Laundry None
Building
Lot Description 21-25 Units/Acre
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823