1001 E Acacia Ave
Glendale, CA 91205
4.53% CAP & 14.41 GRM | Several Unit Upgrades · Multifamily Property For Sale · 11 Units

Marcus & Millichap is pleased to announce the sale of 1001 E Acacia Avenue, an 11-unit multifamily property located in the thriving city of Glendale, CA. The property has been recently modernized, with several new capital improvements to help boost both the property’s intrinsic value and its future cash flow. Select apartments have been fully updated with high-end features, including luxury vinyl plank flooring, new kitchen cabinets, stainless steel appliances, and commercial kitchen sink faucets. Upgraded units also feature modern bathroom fixtures, new sink vanities, new toilets, and new ceiling fans. Brand new laundry facilities were installed, which provide an additional income stream for the future owner. The front of the property was recently landscaped and surrounded by a privacy hedge, providing a more secluded outdoor area for one apartment, which in turn has produced higher rent. A brand new coating was applied to the driveway, to help further reduce future maintenance costs. The building also features all new windows. The building sits near the intersection of Chevy Chase Drive and Adams Street, at the foot of the desirable Adams Hill neighborhood. The historic Adams Square, including several boutiques, coffeeshops, and restaurants, is just one block from the property, while tenants can also drive to the upscale Americana at Brand shopping neighborhood and the recently-remodeled Glendale Galleria.