Seller's Agent in 2024
Rick Raymundo
Marcus & Millichap
(818) 219-6146
2 in this area
68 Total Sales
421 E Acacia Ave Glendale, CA 91205
Mariposa Neighborhood
16
Beds
8
Baths
6,206
Sq Ft
10,215
Sq Ft
About This Home
As of August 2024Presented alongside the neighboring 427 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
Last Agent to Sell the Property
Marcus & Millichap License #01357019 Listed on: 03/11/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 10,211 Sq Ft Lot
Parking
- Assigned Parking
Interior Spaces
- 6,206 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5675-027-014
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $2,625,000 | -8.5% | $423 / Sq Ft |
| 08/09/2024 08/09/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $2,870,000 | -- | $462 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,126 | $2,625,000 | $1,310,000 | $1,315,000 |
| 2024 | $8,126 | $642,438 | $276,647 | $365,791 |
| 2023 | $7,963 | $629,842 | $271,223 | $358,619 |
| 2022 | $7,835 | $617,493 | $265,905 | $351,588 |
| 2021 | $7,679 | $605,387 | $260,692 | $344,695 |
| 2019 | $7,415 | $589,832 | $252,960 | $336,872 |
| 2018 | $7,141 | $578,314 | $248,000 | $330,314 |
| 2016 | $6,729 | $553,553 | $238,371 | $315,182 |
| 2015 | $6,604 | $545,239 | $234,791 | $310,448 |
| 2014 | $6,604 | $534,559 | $230,192 | $304,367 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Raymundo
-
Elizabeth Manasserian
Buyer's Agent in 2024
Elizabeth Manasserian
Boardwalk Properties & Investm
(818) 635-6357
2 in this area
11 Total Sales
Map
Source: The MLS
MLS Number: 24-366386
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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