427 East Acacia Avenue Glendale, CA ^$ 2,135,000

427 East Acacia Avenue

^$ 2,135,000

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427 East Acacia Avenue

Glendale, CA, 91205

^$ 2,135,000

Studio Baths0.0 Sq 4,618

Monthly Estimate*

^$ 14,914

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Studio

Multi-Family Home for sale in Glendale, CA

for $2,135,000. This 4,618 square foot home was built in 1959 on a lot size of 0.16.

Presented alongside the neighboring 421 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,075, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.

Multi-Family Active

Price

^$ 2,135,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1959

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

0024366387

Features

General

Zoning GLR4YY

Year Built 1959

Levels Two

County Los Angeles

Net Operating Income 98573.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Glendale

Buyer Agent Compensation 2.25

Senior Community Y/N No

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Square Feet 6855.0

Street Name Acacia

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Assigned

Lot Size Area 6855.0

Building Area Total 4618.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Roderick ''Rick'' Raymundo

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$14,914

Per Month

Monthly Principal & Interest: $14,914
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendale, CA

Average List Price ^$3,566,881

Percent of Sale Price 67%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$2,135,000		Listed Price

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427 East Acacia Avenue, Glendale, CA, 91205 is a Multi-Family Home for sale at $2,135,000 with 4,618 sqft and a lot size of 0.16. 427 East Acacia Avenue is a studio with 0.0 baths and was built in 1959. The property's zip code is 91205 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/19/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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427 East Acacia Avenue

Multi-Family Home for sale in Glendale, CA

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