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    1001 E Acacia Avenue

    Glendale, CA 91205
    • $3,110,000
    • STATUS: Active Under Contract
    • ON SITE: 241 days
    • ID#: 20568464
    Under Contract
    UPDATED: 37 min ago
    $3,110,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T18:32:36.493. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/104747828
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    1001 E Acacia Avenue Glendale, CA 91205

    • Price: $3,110,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • ID#: 20568464
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1961
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property 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.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Property Features

    Gross Income 209242.00 Gross Multiplier 14.42 Gross Operating Income 213600.00 Net Operating Income 140101.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 69141.00 Zoning Glr4yy

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T18:32:36.493. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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