601 E Acacia Ave - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$4,200,000 USD
213-631-8788
601 E Acacia Ave, Glendale, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/5
null | 5.34% Cap Rate

601 E Acacia Ave
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • AC/Heating in Units
  • Brand New Electrical Subpanels
  • Ample Parking & Storage Space
  • One Site Washer/Dryer Facility (Owner-Owned Machines)

OVERVIEW

601 E Acacia Avenue is a charming three-story, 12-unit multifamily property located on a ±15,256 SF lot zoned GLR4. Built in 1961, the building spans ±11,499 SF and boasts a beautiful courtyard design. The property offers 22 covered parking spaces, as well as street parking, making it an attractive option for residents. The unit mix is highly desirable, comprising of 1 one-bedroom/one-bathroom unit, 9 two-bedroom/one-bathroom units, and 2 three-bedroom/two-bathroom units. Two units have private covered patios, including one with a fenced backyard, providing a tranquil outdoor space for residents to enjoy. The property has undergone recent renovations, including the installation of modern HVAC wall units, new electrical systems, and a convenient communal laundry facility. Additionally, the property has acquired a renovated roof, solar panels have been removed, and recently upgraded to copper plumbing, making way for additional storage in the garage areas for tenants to appreciate. The garage spaces also offer a potential opportunity for savvy investors to construct an Accessory Dwelling Unit (ADU), providing a unique chance to increase revenue and diversify the property’s income stre

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

12

PRICE/UNIT

$350,000

CAP RATE

5.34%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

601 E Acacia Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,938 SF

ZONING

R4, Glendale

APN/PARCEL ID

5675-028-016

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

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