Active

421 E Acacia Avenue

Glendale CA, 91205

$2,870,000


$462.46 per sqft

Active

16 Beds

8 Baths

6,206 sqft

Residential

Built in 1953

Listed by Roderick 'Rick' Raymundo with Marcus & Millichap 818-212-2700

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.

24366386

MLS ID

March 11, 2024

Listed

March 28, 2024

Updated

Map

421 E Acacia Avenue
Glendale CA, 91205

Interior Features

Total Stories

2


Bedrooms

16 Beds


Bathrooms

8 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres

Other Property Details

Area Name

628 - Glendale-South of 134 Fwy


Days on Market

8


Garage

No


Parking

Assigned


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

GLR4YY


Buyer Agency Compensation

2.25%

Listing Contact: 818-212-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 3:18 PM UTC

 

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