David Nalbandyan
LA Premier Realty
(747) 277-0134
83 Total Sales
1 in Mariposa
$1,550,000 Price
427 E Acacia Ave Glendale, CA 91205
Mariposa Neighborhood
12
Beds
6
Baths
4,618
Sq Ft
6,855
Sq Ft Lot
About This Home
As of April 2024Presented alongside the neighboring 421 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 $2,075, 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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 6,855 Sq Ft Lot
Parking
- Assigned Parking
Interior Spaces
- 4,618 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 5675-027-015
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 19, 2024
Sold by
Bought by
Purchase Details
Listed on
Mar 11, 2024
Closed on
Apr 19, 2024
Sold by
Bought by
Seller's Agent
Rick Raymundo
Marcus & Millichap
Buyer's Agent
George Ouzounian
The Agency
List Price
$2,135,000
Sold Price
$2,115,000
Premium/Discount to List
-$20,000
-0.94%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 23, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 21, 2017
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Mariposa, CA
-
David Nalbandyan
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Mariposa
$690,000 Price
-
John Dowd
John Dowd
Core Real Estate Group
(424) 372-0815
18 Total Sales
1 in Mariposa
$465,000 Price
-
Peggy Lim
Peggy Lim
Responds QuicklyReal Brokerage Technologies
(626) 889-5586
87 Total Sales
4 in Mariposa
$675K - $860K Price Range
-
Judy Schlegel
Judy Schlegel
Re/Max Tri-City Realty
(818) 412-9626
22 Total Sales
1 in Mariposa
$650,000 Price
-
'Vic' Vartan Markarian
'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
5 in Mariposa
$620K - $1.5M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $2,135,000 | Old Republic Title Company | ||
| -- | Old Republic Title Company | ||
| -- | Chicago Title Company | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $600,000 | ||
| Previous Owner | $800,000 | ||
| Previous Owner | $1,100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2024 04/29/24 | Sold | $2,115,000 | -0.9% | $458 / Sq Ft |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- |
| 03/11/2024 03/11/24 | For Sale | $2,135,000 | -- | $462 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $24,258 | $2,177,700 | $1,050,600 | $1,127,100 |
| 2024 | $6,152 | $482,585 | $230,534 | $252,051 |
| 2023 | $6,030 | $473,123 | $226,014 | $247,109 |
| 2022 | $5,932 | $463,847 | $221,583 | $242,264 |
| 2021 | $5,816 | $454,753 | $217,239 | $237,514 |
| 2019 | $5,273 | $443,067 | $210,797 | $232,270 |
| 2018 | $5,094 | $434,415 | $206,664 | $227,751 |
| 2016 | $4,819 | $415,818 | $198,640 | $217,178 |
| 2015 | $4,726 | $409,573 | $195,657 | $213,916 |
| 2014 | $4,724 | $401,551 | $191,825 | $209,726 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Raymundo
Seller's Agent in 2024
Rick Raymundo
Marcus & Millichap
(818) 219-6146
3 in this area
70 Total Sales
-
George Ouzounian
Buyer's Agent in 2024
George Ouzounian
The Agency
(818) 970-7675
2 in this area
349 Total Sales
-
G
Buyer Co-Listing Agent in 2024
Gina Michelle
The Agency
Map
Source: The MLS
MLS Number: 24-366387
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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.
Information is deemed reliable but not guaranteed.
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