601 E Acacia Ave - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$4,700,000 USD
213-631-8788
601 E Acacia Ave, Glendale, CA for Sale
$4,700,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

601 E Acacia Ave
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • AC/Heating in Units
  • Prime/Central Location
  • Brand New Roof and Electrical Subpanels
  • Ample Parking
  • Ample Storage in Garages

OVERVIEW

CBRE, Inc. is proud to present 601 E Acacia Avenue within the city of Glendale, California. Located south of Garfield Avenue and north of Palmer Avenue, between Mariposa Street and Adams Street, this property offers an investor the opportunity to own a magnificent piece of real estate in one of the most prominent submarkets known as “The Jewel City”. 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 ±21,315 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.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

12

PRICE/UNIT

$391,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

GLR4*

APN/PARCEL ID

5675-028-016

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.