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    1001 E Acacia Ave

    Glendale, CA 91205
    • $3,110,000
    • STATUS: Active Under Contract
    • ON SITE: 172 days
    • ID#: 20-568464
    Under Contract
    $3,110,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,096
      SQFT
    • $510
      $/SQFT
    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 the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104748299
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    1001 E Acacia Ave Glendale, CA 91205

    • Price: $3,110,000
    • Status: Active Under Contract
    • ID#: 20-568464
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,096
    SQFT
    $510
    $/SQFT
    1961
    Built
    Neighborhood:
    Glendale-South Of 134 Fwy
    County:
    Los Angeles
    Area:
    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 Area 8085 Other Structures None Parking Garage Assigned Total Parking 6

    Interior Features

    Baths Total 11.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 209242 Gross Operating Income 213600 Like Units1 1 Like Units2 10 Net Operating Income 140101.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 69141 Type Of Units Residential Year Built Source Assessor Zoning Glr4yy

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355