Montrose, CA 91020,4141 Ocean View BLVD

$2,310,000

Est. payment /mo

$2,500,000

7.6%
Est.Price: ?

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4141 Ocean View BLVD Montrose, CA 91020

SOLD DATE : 06/11/2018

Key Details

Sold Price $2,310,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB18020807

Sold Date 06/11/18

HOA Y/N No

Year Built 1979

Annual Tax Amount $26,500

Property Description

4141 Ocean View Blvd, a single-tenant office building located just north of the Montrose Shopping District. This highly visible single structure office building is perfect for an owner-user looking to retain the existing tenant or utilize the entire square footage. Separate suites, with their own addresses, allow a buyer to lease out portions of the building and maximize rental income on unneeded space. The property is located within the City of Glendale and boarders La Crescenta and the desirable city of La Canada Flintridge. The property features 14 parking spaces which is high for similar type buildings in the area and allows for ample employee and visitor parking. Close proximity to the Montrose Shopping District and downtown Glendale make this a desirable location for business owners who want to be close to Restaurants and Stores without the hassle of being in the thick of things.
The property is conveniently located right off of the 210 Freeway and easily accessible to Downtown Glendale, Downtown LA, and Pasadena.

All 4 units, 5,915 are occupied by one tenant on a master lease. Rents are currently $9500. Lease can be terminated with 6 months notice, however the current tenant would like to stay, and is willing to renegotiate terms with said notice.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning LCR3

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry None

Exterior

Total Parking Spaces 14

Building

Story 1

Water Public

Others

Tax ID 5807003043

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Owens • Vision Realty Co
Bought with Kenny Chung • Bee Investment, Inc.

Matt Peters

Broker Associate | License ID: 01984989

+1(626) 344-1956

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