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601 E Acacia Ave
Glendale, CA 91205
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- AC/Heating in Units
- Brand New Roof and Electrical Subpanels
- Ample Storage in Garages
- Prime/Central Location
- Ample Parking
- On Site Washer/Dryer Facility
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 18 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 streams.
Located in the heart of Glendale, this property is a short drive from the I-5 and I-2 Freeway. Additionally,
601 E Acacia Avenue is ideally located within minutes of an abundance of restaurants, grocery stores, bakeries,
coffee and tea shops, including the infamous Americana at Brand in downtown Glendale.
Given the property’s stable real estate fundamentals and prime location within the submarket of Glendale,
601 E Acacia Avenue is a solid investment for an investor seeking growth, stability, and a hedge against inflation.
Built in 1961, the building spans ±11,499 SF and boasts a beautiful courtyard design. The property offers 18 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 streams.
Located in the heart of Glendale, this property is a short drive from the I-5 and I-2 Freeway. Additionally,
601 E Acacia Avenue is ideally located within minutes of an abundance of restaurants, grocery stores, bakeries,
coffee and tea shops, including the infamous Americana at Brand in downtown Glendale.
Given the property’s stable real estate fundamentals and prime location within the submarket of Glendale,
601 E Acacia Avenue is a solid investment for an investor seeking growth, stability, and a hedge against inflation.
PROPERTY FACTS
| Price Per Unit | $523,470 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.55% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 14.38 | Building Size | 11,499 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Zoning | GLR4* - restricted Density Multiple Dwelling | ||
| Price Per Unit | $523,470 CAD |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Gross Rent Multiplier | 14.38 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,499 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | GLR4* - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 9 | - | - |
| 3+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 5675-028-016 | Improvements Assessment | $1,175,469 CAD |
| Land Assessment | $2,755,631 CAD | Total Assessment | $3,931,101 CAD |
PROPERTY TAXES
Parcel Number
5675-028-016
Land Assessment
$2,755,631 CAD
Improvements Assessment
$1,175,469 CAD
Total Assessment
$3,931,101 CAD
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