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339 1/2 N Brand Blvd
Glendale, CA 91203
Brand Plaza Hotel · Hospitality Property For Sale · 38 Rooms
PROPERTY FACTS
Property Type | Hospitality | No. Rooms | 38 |
Property Subtype | Hotel | No. Stories | 4 |
Building Class | C | Year Built/Renovated | 1924/2020 |
Lot Size | 0.18 AC | Corridor | Interior |
Building Size | 20,000 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.18 AC |
Building Size | 20,000 SF |
No. Rooms | 38 |
No. Stories | 4 |
Year Built/Renovated | 1924/2020 |
Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 339 1/2 N Brand Blvd , Glendale, CA 91203
Marcus & Millichap is pleased to present this exclusive investment opportunity for your consideration. Hotel Brandwood is located in the heart of Glendale, California. This well-established property offers 38 air conditioned rooms in a beautifully maintained art deco building dating from 1924 (no historical preservation restriction). The approximately 20,000 square-foot property is located 10 miles north of downtown Los Angeles. The property features approximately 6,714 square-feet of ground floor retail/restaurant space that is currently vacant, offering immediate upside to an incoming investor. Understated rooms with traditional wood furnishings feature flat-screen TVs, plus coffeemakers and minibars.Suites feature whirlpool tubs and city views. Local demand generators include the Americana at Brand outdoor shopping mall (less than one mile), downtown Los Angeles (10 miles), Warner Brothers Studio (6 miles), Universal Studios Hollywood (8 miles), downtown Burbank (5 miles), and Bob Hope Airport Burbank (10 miles). The city of Glendale promotes itself as one of the most business-friendly locations in Los Angeles, and is currently a primary hub for the entertainment industry. One of the city’s current goals is to create an “18 hour city,” by attracting new nightlife tenants, breweries, and technology based companies. The property is currently operating at 80% occupancy at an average daily rate of $143.00. The market average for hotels in the Glendale-Burbank area is 87% occupancy and an average daily rate of $184. There are currently no other boutique hotels operating in Glendale besides the Hotel Brandwood, offering huge upside potential for an incoming investor to capitalize on the significant potential of this underserved market.
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Suite | 1 | $274.00 | - |
Guest Room | 37 | $168.00 | - |
PROPERTY TAXES
Parcel Number | 5643-020-056 | Improvements Assessment | $7,334,500 |
Land Assessment | $1,050,000 | Total Assessment | $8,384,500 |
PROPERTY TAXES
zoning
Zoning Code | Downtown Specific Plan (The Alex Theatre district focuses on entertainment activities, restaurants, retail businesses, and pedestrian-oriented activities.) |
Downtown Specific Plan (The Alex Theatre district focuses on entertainment activities, restaurants, retail businesses, and pedestrian-oriented activities.) |
Learn More About Investing in Hospitality Properties
Listing ID: 13976220
Date on Market: 10/5/2018
Last Updated:
Address: 339 1/2 N Brand Blvd, Glendale, CA 91203
The 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.