This Hospitality Property is no longer advertised on LoopNet.com.

339 1/2 N Brand Blvd
Glendale, CA 91203

Hotel Brandwood: Value-Add w/ Cash Flow · Hospitality Property For Sale · 20,000 SF

Hotels California Glendale 339 1/2 N Brand Blvd, Glendale, CA 91203

INVESTMENT HIGHLIGHTS

  • 38 Key Interior Corridor Mid-Scale Independent Hotel with Retail Value Add in the Heart of Glendale Business & Financial District
  • Glendale has 14.1 Million SF of Office Space, 16,7 Million SF of Retail, and 5,000+ Multifamily Units
  • Post Renovation Repositioning: Pro-Forma Projects 30%+ Revenue Growth Plus Lease Revenue; Strong Soft Brand will Increase Bottom Line
  • Currently, Hotel is averaging $100,000 per month in Revenue. 2020 - ADR: $114.47; OR: 80%
  • Fully Permitted and Approved for 2 Ground Floor Restaurants with Retail, an Elevator Servicing All Floors, and Office Space.
  • City Supports Rooftop Lounge Concept - Not Currently Approved

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.18 AC
Building Size 20,000 SF
No. Stories 4
Year Built/Renovated 1924/2020
Corridor Interior

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi

LINKS

PROPERTY TAXES

Parcel Number 5643-020-056 Improvements Assessment $7,334,500
Land Assessment $1,050,000 Total Assessment $8,384,500

ZONING

Zoning Code Downtown Specific Plan (The Alex Theatre district focuses on entertainment activities, restaurants, retail businesses, and pedestrian-oriented activities.)
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  • Listing ID: 26475304

  • Date on Market: 8/24/2022

  • Last Updated:

  • Address: 339 1/2 N Brand Blvd, Glendale, CA 91203

More public record information on 339 1/2 N Brand Blvd, Glendale, CA 91203

The Downtown Glendale Hospitality Property at 339 1/2 N Brand Blvd, Glendale, CA 91203 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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