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427 E Acacia Ave, Glendale, CA 91205
$2,115,000
427 E Acacia Ave, Glendale, CA 91205View this property at 427 E Acacia Ave, Glendale, CA 91205
427 E Acacia AveGlendaleCA91205
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Property Description
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.
Full Property Details
Full Property Details for 427 E Acacia Ave
General
- Sold For: $2,115,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-366387
- Added to Site: 91 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Glendale-South of 134 Fwy
- County: Los Angeles
- Driving 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.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 4,618
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1959
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1574
- Lot Size: 6855
- Lot Size Source: Assessor
- Zoning: GLR4YY
Financial Considerations
- Price Per Sq. Ft.: $462.32
- Assessment Year: 1959
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5675-027-015
Listed by Marcus & Millichap, Roderick 'Rick' Raymundo
Sold by The Agency, George Ouzounian and The Agency, Gina Michelle
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Schools
Schools serving 427 E Acacia Ave
School District:Glendale Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 E Acacia Ave, Glendale, CA 91205 | K-5 | 0.1 mi | |
222 E Acacia Ave, Glendale, CA 91205 | 6-8 | 0.1 mi | |
1440 E Broadway, Glendale, CA 91205 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 427 E Acacia Ave
Date
Details
Price
Change
Source
4/29/2024
Sold
$2,115,000
-0.94%
MLS
3/11/2024
Listed
$2,135,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
427 E Acacia Ave, Glendale, CA 91205 (MLS# 24-366387) is a Multi-Family property that was sold at $2,115,000 on April 29, 2024. Want to learn more about 427 E Acacia Ave? Do you have questions about finding other Multi-Family real estate for sale in Glendale? You can browse all Glendale real estate or contact a Coldwell Banker agent to request more information.