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    919 E Acacia Ave

    Glendale, CA 91205
    • $4,650,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • MLS #: 21-684000
    Under Contract
    $4,650,000
    • 22
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,130
      SQFT
    • $307
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Court Ordered Sale, subject to court confirmation and overbid. Twenty (20) unit apartment building located in the high barrier to entry market of Glendale. Originally constructed in 1962, the subject property features 15,130 rentable square feet with a unit mixed comprised of eighteen (18) 1 bed + 1 bath units, and two (2) 2 bed + 1 bath units. Tenants enjoy onsite parking, (18 tuck under spaces) pool, and an a coin operated laundry facility. The property could benefit from new exterior paint, fascia boards, and kempt landscaping. Many units features laminate flooring, and all units with kitchens and bathrooms waiting to be upgraded and modernized. Approx. 50% of the units feature electric appliances while the reaming units features gas appliances. Each unit also features individual hot water heaters. This value added opportunity provides an investor with the opportunity to acquire a benchmark property with approximately 23%+/- rental upside. Do not go onto property, drive by only.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113569810
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    919 E Acacia Ave Glendale, CA 91205

    • Price: $4,650,000
    • Status: Active Under Contract
    • MLS #: 21-684000
    22
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    15,130
    SQFT
    $307
    $/SQFT
    1962
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    Glendale-South Of 134 Fwy
    Property Description
    Court Ordered Sale, subject to court confirmation and overbid. Twenty (20) unit apartment building located in the high barrier to entry market of Glendale. Originally constructed in 1962, the subject property features 15,130 rentable square feet with a unit mixed comprised of eighteen (18) 1 bed + 1 bath units, and two (2) 2 bed + 1 bath units. Tenants enjoy onsite parking, (18 tuck under spaces) pool, and an a coin operated laundry facility. The property could benefit from new exterior paint, fascia boards, and kempt landscaping. Many units features laminate flooring, and all units with kitchens and bathrooms waiting to be upgraded and modernized. Approx. 50% of the units feature electric appliances while the reaming units features gas appliances. Each unit also features individual hot water heaters. This value added opportunity provides an investor with the opportunity to acquire a benchmark property with approximately 23%+/- rental upside. Do not go onto property, drive by only.
    Exterior Features

    Lot Size Area 17482 Other Structures None Parking Garage Carport Attached Total Parking 18

    Interior Features

    Baths Total 20.00 Common Walls Attached Cooling Wall/Window Equipment Range/Oven Heating Other

    Property Features

    Assessed Total Value 2019193 Gross Income 325788 Gross Operating Income 321752 Like Units1 18 Like Units2 2 Net Operating Income 201403.00 Number Of Buildings 2 Number Of Units 20 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 120349 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R1650

    Listing provided courtesy of Anubhav Kawatra DRE#01881930 of Anubhav Kawatra.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T23:42:17.043. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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