NOT LISTED FOR SALE

421 E Acacia Ave Glendale, CA 91205

Mariposa Neighborhood
16 Beds
8 Baths
6,206 Sq Ft
10,211 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $2,625,000 $423 Per Sq Ft

151 Days on Market

About This Home

As of August 2024

Presented 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

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 03/11/2024

Last Buyer's Agent

Elizabeth Manasserian

Boardwalk Properties & Investm

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6206
  • Lot Acreage: 0.2345
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 462.46

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned

Lot Info

  • Assessed Improvement Percent: 56.94
  • Assessed Improvement Value: 358619
  • Assessed Land Percent: 43.06
  • Assessed Land Value: 271223
  • Total Assessed Value: 629842
  • Assessor Parcel Number: 5675-027-014
  • Lot Size Area: 10211

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.21
  • Number Of Units: 8
  • Type Of Units: Residential

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Raymundo

    Seller's Agent in 2024

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    2 in this area

    62 Total Sales

    Rick Raymundo
    Section Image
  • Elizabeth Manasserian

    Buyer's Agent in 2024

    Elizabeth Manasserian

    Boardwalk Properties & Investm

    (818) 635-6357

    2 in this area

    11 Total Sales

    Elizabeth Manasserian
    Section Image
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Map

Source: The MLS

MLS Number: 24-366386

The MLS
California Los Angeles County Glendale 91205 Mariposa

421 E Acacia Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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