Listed for sale for the first time in 45 years, the property offers a new investor an excellent opportunity to add value by recapturing the approximately 49% rent upside. The current owner has already completed all seismic retrofit repairs, benefitting a new investor by bringing the property into compliance and saving them from an otherwise costly capital expense. Situated near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to nearby Los Feliz, Glendale, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recent revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is just west of the property.

Listing courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap

Based on information from the The MLS as of 2024-10-23 04:32 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.