Residential Income – 1001 E Acacia Ave, Glendale, CA 91205, USA -001-11-30T00:00:00-08:00
The property has been recently modernized, with several new capital improvements to help boost both the property’s intrinsic value and its future cash flow. Select apartments have been fully updated with high-end features, including luxury vinyl plank floori
1001 E Acacia Ave, Glendale, CA 91205, USA
$3,110,000 USD
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Address1001 East Acacia Avenue, Glendale
Price$3,110,000
Year Built1961
Bedrooms Total0
Lot Size (Sq.Ft.)8,085
Listing ID20568464
StatusActive
Parcel Number5675030033
ZoningGLR4YY
Special ConditionsStandard
Days on Market60

Detailed Description: The property has been recently modernized, with several new capital improvements to help boost both the property’s intrinsic value and its future cash flow. Select apartments have been fully updated with high-end features, including luxury vinyl plank flooring, new kitchen cabinets, stainless steel appliances, and commercial kitchen sink faucets. Upgraded units also feature modern bathroom fixtures, new sink vanities, new toilets, and new ceiling fans. Brand new laundry facilities were installed, which provide an additional income stream for the future owner. The front of the property was recently landscaped and surrounded by a privacy hedge, providing a more secluded outdoor area for one apartment, which in turn has produced higher rent. A brand new coating was applied to the driveway, to help further reduce future maintenance costs. The building also features all new windows. The building sits near the intersection of Chevy Chase Drive and Adams Street.

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Senior Community

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Address Information
Address1001 East Acacia Avenue, Glendale
Street PrefixEast
Street SuffixAvenue
CityGlendale
Location (MLS Area)628 – Glendale-South of 134 Fwy
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91205
Financial Information
Price per Lot Square Foot$384.66
Special ConditionsStandard
Total Expenses$69,141
Gross Operating Income$213,600
Gross Income$209,242
Net Operating Income$140,101
Gross Multiplier14.42%
Tax Year2000
Full Descriptions
Parcel Number5675030033
Detailed DescriptionThe property has been recently modernized, with several new capital improvements to help boost both the property’s intrinsic value and its future cash flow. Select apartments have been fully updated with high-end features, including luxury vinyl plank flooring, new kitchen cabinets, stainless steel appliances, and commercial kitchen sink faucets. Upgraded units also feature modern bathroom fixtures, new sink vanities, new toilets, and new ceiling fans. Brand new laundry facilities were installed, which provide an additional income stream for the future owner. The front of the property was recently landscaped and surrounded by a privacy hedge, providing a more secluded outdoor area for one apartment, which in turn has produced higher rent. A brand new coating was applied to the driveway, to help further reduce future maintenance costs. The building also features all new windows. The building sits near the intersection of Chevy Chase Drive and Adams Street.
Parking FeaturesAssigned
Property parameters
Year Built1961
Lot Size (Sq.Ft.)8,085
Number of Buildings1
Number of Units Total11
ZoningGLR4YY
Stories Total2
Units Total11
Listed withRoderick ‘Rick’ Raymundo (Marcus & Millichap)
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