The Miranda Team and Apollo Investment Group of Keller Williams Realty World
Media Center is pleased to have exclusively listed and sold this great mixed-use commercial property, located at 145 S. Verdugo RD, Glendale, CA 91205. The offering includes two retail buildings, each occupied by different tenants, and a six-unit residential apartment building. The first retail building includes a 422 sf Bakery, and the second one is a 300 sf Taco eatery. The two story apartment is composed of six, one bedroom, one bathroom units, all approx. 563 sf. The building size totals 4,102 sf on a total lot of 6,788 SF. The retail tenants have leases until August 31, 2021, with the Bakery having one five year option. All the multi-family units are on month to month leases. This is a great investment opportunity, as the property allows for a new buyer to remodel and capture upside in the unit rents, achieving a favorable return on investment.