421 Acacia Avenue Glendale, CA 91205

Cluster Residence

16 Beds

8 Baths

... Bed/Bath

6,206 Sq. Ft.

Property Activity

Time on Site

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Last updated on 7/6/2024 11:45 PM

Listing Details

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. Continue reading

MLS#

24366386

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1953

Square Feet

6,206 sq. ft

Lot Size

0.23