$2,400,000
$2,400,000
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215 W Acacia AVE Glendale, CA 91204
7,575 Sqft Lot
Key Details
Sold Price $2,400,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22159775
Sold Date 11/29/22
HOA Y/N No
Year Built 1952
Lot Size 7,575 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLC3*
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5641017017
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Chris Keramati Triqor Group