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601 E Acacia Ave
Glendale, CA 91205
601 E Acacia Avenue · Multifamily Property For Sale
·
12 Units
Investment Highlights
- AC/Heating in Units
- Ample Parking & Storage Space
- Brand New Electrical Subpanels
- One Site Washer/Dryer Facility (Owner-Owned Machines)
Executive Summary
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
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
Property Facts
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.34% | Building Size | 15,652 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Apartment Style | Low-Rise | Parking Ratio | 2/1,000 SF |
| Zoning | R4, Glendale | ||
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,652 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R4, Glendale |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 9 | - | 1,000 |
| 3+2 | 2 | - | 1,400 |
Property Taxes
| Parcel Number | 5675-028-016 | Improvements Assessment | $833,607 |
| Land Assessment | $1,954,210 | Total Assessment | $2,787,817 |
Property Taxes
Parcel Number
5675-028-016
Land Assessment
$1,954,210
Improvements Assessment
$833,607
Total Assessment
$2,787,817
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