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601 E Acacia Avenue 601 E Acacia Ave 12 Unit Apartment Building $5,781,426 CAD ($481,786 CAD/Unit) 5.34% Cap Rate Glendale, CA 91205
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
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,781,426 CAD | Building Class | C |
| Price Per Unit | $481,786 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 15,652 SF |
| Cap Rate | 5.34% | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, Glendale | ||
| Price | $5,781,426 CAD |
| Price Per Unit | $481,786 CAD |
| 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 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5675-028-016 | Improvements Assessment | $1,147,485 CAD |
| Land Assessment | $2,690,029 CAD | Total Assessment | $3,837,514 CAD |
Property Taxes
Parcel Number
5675-028-016
Land Assessment
$2,690,029 CAD
Improvements Assessment
$1,147,485 CAD
Total Assessment
$3,837,514 CAD
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601 E Acacia Avenue | 601 E Acacia Ave
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