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

427 E Acacia Avenue

^$ 2,135,000

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427 E Acacia Avenue

Glendale, CA, 91205

^$ 2,135,000

Bedrooms12 Baths6.0 Sq 4,618

Monthly Estimate*

^$ 14,914

Listed by Marcus & Millichap

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

427 E Acacia Avenue, Glendale, CA 91205 - Image 2

427 E Acacia Avenue, Glendale, CA 91205 - Image 3

427 E Acacia Avenue, Glendale, CA 91205 - Image 4

427 E Acacia Avenue, Glendale, CA 91205 - Image 5

427 E Acacia Avenue, Glendale, CA 91205 - Image 6

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

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

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

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

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

427 E Acacia Avenue, Glendale, CA 91205 - Image 12

427 E Acacia Avenue, Glendale, CA 91205 - Image 13

427 E Acacia Avenue, Glendale, CA 91205 - Image 14

Multi-Family Home for sale in Glendale, CA

for $2,135,000 with 12 bedrooms and 6 full baths. This 4,618 square foot home was built in 1959 on a lot size of 0.1574.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1574

Year Built

1959

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

24366387

Days on Market

Features

General

Zoning GLR4YY

Year Built 1959

Stories 2

Levels Two

Gross Income 146700.0

County Los Angeles

Net Operating Income 98573.0

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 427 E Acacia Avenue a six-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 6

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Square Feet 6855.0

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 4.62

Exterior

Parking Features Assigned

Total Parking 0.0

Lot Size Area 6855.0

Number of Buildings 1

Spa N

Building Area Total 4618.0

Lot Size Acres 0.1574

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 12

Electric On Property Y/N N

Total Baths 6

Internal Only

Street Number 1 427

* Excluded Features

List By

Marcus & Millichap

Broker

(213) 943-1855

Phone

Affordability Calculator

$14,914

Per Month

Monthly Principal & Interest: $14,914
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 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.

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	$2,135,000		Listed Price

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427 E 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 0.1574. 427 E Acacia Avenue has 12 bedrooms, 6.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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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427 E Acacia Avenue

Multi-Family Home for sale in Glendale, CA

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