421 E Acacia Avenue Glendale, CA ^$ 2,870,000

421 E Acacia Avenue

^$ 2,870,000

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421 E Acacia Avenue

Glendale, CA, 91205

^$ 2,870,000

Bedrooms16 Baths8.0 Sq 6,206

Monthly Estimate*

^$ 20,048

Listed by Marcus & Millichap

421 E Acacia Avenue, Glendale, CA 91205 - Image 1

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421 E Acacia Avenue, Glendale, CA 91205 - Image 7

421 E Acacia Avenue, Glendale, CA 91205 - Image 8

421 E Acacia Avenue, Glendale, CA 91205 - Image 9

421 E Acacia Avenue, Glendale, CA 91205 - Image 10

421 E Acacia Avenue, Glendale, CA 91205 - Image 11

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421 E Acacia Avenue, Glendale, CA 91205 - Image 18

Multi-Family Home for sale in Glendale, CA

for $2,870,000 with 16 bedrooms and 8 full baths. This 6,206 square foot home was built in 1953 on a lot size of 0.2344.

Presented alongside the neighboring 427 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 $2,100, 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

^$ 2,870,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2344

Year Built

1953

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

24366386

Days on Market

Features

General

Zoning GLR4YY

Year Built 1953

Stories 2

Levels Two

Gross Income 195900.0

County Los Angeles

Net Operating Income 134494.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions We are pleased to announce the opportunity to purchase 421 E Acacia Avenue an eight-unit multifamily property situated near the pristine Adams Hill neighborhood in thriving Glendale CA.

City Glendale

View Y/N N

Senior Community Y/N N

Total Units 8

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Square Feet 10211.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Acacia

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 4.69

Exterior

Parking Features Assigned

Total Parking 0.0

Lot Size Area 10211.0

Number of Buildings 1

Spa N

Building Area Total 6206.0

Lot Size Acres 0.2344

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 421

* Excluded Features

List By

Marcus & Millichap

Broker

(213) 943-1855

Phone

Affordability Calculator

$20,048

Per Month

Monthly Principal & Interest: $20,048
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$3,563,326

Percent of Sale Price 24%

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.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$2,870,000		Listed Price

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421 E Acacia Avenue, Glendale, CA, 91205 is a Multi-Family Home for sale at $2,870,000 with 6,206 sqft and a lot size of 0.2344. 421 E Acacia Avenue has 16 bedrooms, 8.0 baths, and was built in 1953. 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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421 E Acacia Avenue

Multi-Family Home for sale in Glendale, CA

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