Sold
215 W Acacia Avenue
Glendale CA, 91204
$2,400,000
$428.57 per sqft
Sold
5,600 sqft
Residential
Built in 1952
Listed by Chris Keramati with Triqor Group 949-756-3232
We are pleased to present the Elmer Apartments, an 8-unit apartment building in Central Glendale. The property is comprised of eight one-bedroom units equipped with gas cooking, gas wall heating, laminate and tile floors, assigned parking, and ceiling fans. Most units have been upgraded with granite countertops, new kitchen cabinets, and laminate wood flooring. This is a well-kept building with nearly 40% upside in rental income. This deal offers the opportunity for an investor to achieve nearly a 6% Cap Rate after stabilizing the rents.
PW22159775
MLSⓇ ID
July 20, 2022
Listed
March 23, 2024
Updated
Map
215 W Acacia Avenue
Glendale CA, 91204
Interior Features
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
26
Garage
No
Parking Total
10
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GLC3*
Buyer Agency Compensation
2%
Listing Contact: 949-756-3232
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:51 AM UTC