601 E Acacia Avenue

Glendale , CA 91205

MLS#: 25530649

$4,595,000

Status: Active
Listing number: 25530649
Listing provided by: CBRE
Listing agent phone: None
Last update: 2 months ago
On site: 3 months ago
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Property

Beds

25

Full Baths

None

1/2 Baths

None

Year Built

1961

Sq.Footage

21,315

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. 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.

Features & Amenities

Interior

  • Total Bedrooms

    25

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Carport, Garage

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.3503

  • Property Type

    Residential Income

Price

  • Sales Price

    $4,595,000

  • Sq. Footage

    21, 315

  • Price/SqFt

    $215

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Other

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Location

County

Los Angeles

Elementary School

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High School

Listing Courtesy of Jenny Eng , CBRE

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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. 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.

601 E Acacia Avenue

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