redevelopment opportunity
OFFERING MEMORANDUM 820N. CENTRAL AVENUE | GLENDALE, CA contents investment summary property overview market overview area overview
Offering Summary Property Details Market Summary Glendale Overview Location Aerial Specific Plan Regional Map Los Angeles Overview Property Aerial Land Use Landmarks Aerial Hight & FAR Limits Metrolink Map
EXCLUSIVELY LISTED BY:
DONALD ELLIS MICHELLE SCHIERBERL CHAD DIXON Senior Vice President Executive Vice President Senior Associate License No. 01878316 License No. 01000058 License No.02053108 +1 949.656.7051 +1 949.203.3060 +1 949.203.3047 [email protected] [email protected] [email protected]
820 N. CENTRAL AVENUE | GLENDALE, CA offering summary
PROPERTY SUMMARY THE OFFERING Stream Realty is proud to present the opportunity to acquire 820 North Central Price BEST OFFER Avenue in Glendale, CA. This 0.83 acre site is currently occupied by Conrads Land Size 0.83 Acres Restaurant, which has been a staple for the community for over 39 years. 820 N. Central is located in the Gateway District of the Downtown Specific Plan for the 250 Units per Acre Density City of Glendale and is currently zoned DSP/GAT. The Gateway district features the (up to 35% bonus available) most visibly noted skyline of Downtown Glendale with the focus of this area on 820 North Central Avenue continued promotion and location of corporate headquarters, new hotels, mixed Address Glendale, CA use and residential. Therefore, this particular zoning allows a future developer to 5644-003-081 develop up to 18 stories in height for residential, office or hotel and up to 25 stories APN 5644-003-073 with incentives. This location is minutes from the 134 freeway and is in the heart of 5644-003-033 the downtown specific plan which has seen a revitalization of development in the past few years. Zoning DSP/GAT The site sees an average of 23,894 cars per day and is surrounded by both high- Daytime Employment (3-miles) 154,200 rise office and multiple hotel uses as well as recently built multi-family. With strong supporting demographics, this offering allows an investor to create their own vision CARS PER DAY for the site moving forward. This is an opportunity to develop in an urban core with Resident Population (3-miles) 212,637 24-hour activity benefiting from the mix of uses. 19,100
N BRAND BOULEVARD 19,100
820 N. CENTRAL AVENUE -4- location aerial
CAL IFOR NIA 134 VENTURA FREEWAY
230,004 CARS PER DAY
CARS PER DAY
19,100 ARDEN AVENUE Y DA R PE 3,663 S AR CARS PER DAY 4 C ,89 23 BRAND BOULEVARD UE N BRAND BOULEVARD L AVEN TRA EN W GLENOAKS BOULEVARD N C
28,959 CARS PER DAY
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820 N. CENTRAL AVENUE -6- landmarks aerial