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337 W Acacia Ave 4 Unit Apartment Building $2,250,000 ($562,500/Unit) 4.33% Cap Rate Glendale, CA 91204
Investment Highlights
- Centralized Location
- Highly desired neighborhood of Glendale
- Various upgrades throughout units
- Near local restaurants, retailers, and luxury shopping
- Spacious units with well utilized floorplans
Executive Summary
The Acacia Apartments is located in the heart of Glendale, a premier city in the county of Los Angeles. The building is just a block over from Central Avenue, and all of the shopping and restaurants located all along Central Avenue and Brand Avenue. The area is the perfect blend of residential comfort and accessibility to the energetic action of the city. The apartment building consists of 4 units in total with an extremely desirable unit mix. All four units have 2 bedrooms and 1 ½ bathrooms, with a townhouse style residences. The property and units have been very well maintained with a set of steady tenants. Whether an investor is looking for steady cash flow or long-term appreciation potential, the Acacia Apartments is an exceptional and rare investment opportunity.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$137,820
|
$30.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,820
|
$30.64
|
| Taxes |
$24,502
|
$5.45
|
| Operating Expenses |
$15,807
|
$3.51
|
| Total Expenses |
$40,309
|
$8.96
|
| Net Operating Income |
$97,511
|
$21.68
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $137,820 |
| Annual Per SF | $30.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,820 |
| Annual Per SF | $30.64 |
| Taxes | |
|---|---|
| Annual | $24,502 |
| Annual Per SF | $5.45 |
| Operating Expenses | |
|---|---|
| Annual | $15,807 |
| Annual Per SF | $3.51 |
| Total Expenses | |
|---|---|
| Annual | $40,309 |
| Annual Per SF | $8.96 |
| Net Operating Income | |
|---|---|
| Annual | $97,511 |
| Annual Per SF | $21.68 |
Property Facts
| Price | $2,250,000 | Property Subtype | Apartment |
| Price Per Unit | $562,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.33% | Building Size | 4,498 SF |
| Gross Rent Multiplier | 16.33 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 0.89/1,000 SF |
| Zoning | GLR4YY | ||
| Price | $2,250,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 16.33 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,498 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | GLR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $2,843 | 800 - 1,500 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5696-024-025 | Total Assessment | $1,054,230 |
| Land Assessment | $735,512 | Annual Taxes | $24,502 ($5.45/SF) |
| Improvements Assessment | $318,718 | Tax Year | 2025 |
Property Taxes
Parcel Number
5696-024-025
Land Assessment
$735,512
Improvements Assessment
$318,718
Total Assessment
$1,054,230
Annual Taxes
$24,502 ($5.45/SF)
Tax Year
2025
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337 W Acacia Ave