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337 W Acacia Ave
Glendale, CA 91204
Multifamily Property For Sale
·
4 Units
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.
Property Facts
| 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 |
| Property Subtype | Apartment | ||
| Zoning | GLR4YY | ||
| 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 |
Property Taxes
| Parcel Number | 5696-024-025 | Improvements Assessment | $318,718 |
| Land Assessment | $735,512 | Total Assessment | $1,054,230 |
Property Taxes
Parcel Number
5696-024-025
Land Assessment
$735,512
Improvements Assessment
$318,718
Total Assessment
$1,054,230
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