Glendale, CA 91205,421 E Acacia AVE
Glendale, CA 91205,421 E Acacia AVE
Glendale, CA 91205,421 E Acacia AVE
$2,625,000
Est. payment /mo
$2,870,000
8.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

16 Beds
8 Baths
6,206 SqFt
SOLD DATE : 08/09/2024

Key Details

Sold Price $2,625,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,206 sqft

Price per Sqft $422

MLS Listing ID 24366386

Sold Date 08/09/24

Bedrooms 16

HOA Y/N No

Year Built 1953

Lot Size 10,210 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4YY

Interior

Fireplace No

Exterior

Parking Features Assigned

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5675027014

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
Bought with Elizabeth Manasserian • Boardwalk Properties & Investm

GET MORE INFORMATION

Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.