427 East Acacia Avenue
427 East Acacia Avenue
$2,115,000
12
6
4,618
4,618
$458
Sold 4/29/24
Description
Presented alongside the neighboring 421 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 $2,075, 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...Presented alongside the neighboring 421 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 $2,075, 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.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 427 East Acacia Avenue
Zoning
GLR4YY
Parcel Number5675027015
Total Units6.0
Living Area4618
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy Rate0
Lot Size Area6855
Location
LISTING UPDATED: 04/29/2024 01:46 PM
Property Details for 427 East Acacia Avenue
Status | Sold |
---|---|
MLS # | 24-366387 |
Days on Market | 49 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
Lot Size | 0.16 AC / 6,855 SF |
County | Los Angeles County |
Location
Building Information for 427 East Acacia Avenue
Stories2Residences-Year Built1959Building Size-Lot Size0.16 AC / 6,855 SF
Payment Calculator
$12,044 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 427 East Acacia Avenue
Property History for 427 East Acacia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 427 East Acacia Avenue
Taxable ValueLand$226,014Additions$248,909Total$474,923
Tax Record2023$6,030 ($502 / month)
Home Facts
Total Finished SqFt4,618 SqFtAbove Grade Finished SqFt4,618 SqFtLot Size6,855 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningGLR4YYCountyLOS ANGELESAPN5675-027-015
Schools near 427 East Acacia Avenue
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 10 |
Rating | School | Distance |
---|---|---|
Horace Mann Elementary School PublicK to 5 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Jewel City Community Day School Public7 to 10 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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