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215 W Acacia Avenue

Glendale, CA 91204
  • $2,400,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: PW22159775
UPDATED: 68 min ago
$2,400,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T10:30:08.197. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131097757
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215 W Acacia Avenue Glendale, CA 91204

  • Price: $2,400,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 68 min ago
  • ID#: PW22159775
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1952
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
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.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 8 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 135912 Gross Scheduled Income 135912 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 88128 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Operating Expense 43707 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Glc3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T10:30:08.197. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)