1001 E Acacia Ave - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$3,175,000 USD
310-999-8948
1001 E Acacia Ave, Glendale, CA for Sale
$3,175,000 USD
Apartments - FOR SALE
1/17
null | 5.22% Cap Rate

1001 E Acacia Ave
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • Seller Financing Available at 35% Down, 5% Interest Only Payments, 3 Year Term | Rate and Terms Negotiable
  • Recent Capital Improvements throughout the property including new windows, newer roof and more
  • Not subject to AB1482 Los Angeles Rent Control laws
  • Strong In Plac Returns - 5.22% CAP Rate and 12.44 GRM
  • 9 Covered Carport Parking Spaces | Potential ADU Opportunity (Buyer To Verify)

OVERVIEW

*** Seller Financing Available*** Yigal Fatirian and Derrick Vartanian of Lyon Stahl Investment Real Estate, Inc. are pleased to present 1001 E. Acacia Avenue, an 11-unit multifamily investment opportunity in one of Glendale's strongest rental markets. Built in 1961, the property consists of ten one-bedroom/one-bathroom units and one studio on an 8,084 SF lot. The property has benefited from numerous capital improvements, including renovated unit interiors and new windows throughout the building. Additional amenities include on-site laundry, nine covered parking spaces, and separately metered gas and electric utilities. Conveniently located near major employment, shopping, dining, and transportation hubs, 1001 E. Acacia Avenue offers investors a well-maintained, fully occupied asset with strong long-term rental upside. Contact listing agents for more info and Offering Memorandum.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$521 USD /SF

# OF UNITS

11

PRICE/UNIT

$288,636

CAP RATE

5.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,084 SF

ZONING

GLR4YY

APN/PARCEL ID

5675-030-033

ASK ABOUT THIS PROPERTY

Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

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Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.