Seller's Agent in 2025
Jerry Armen
Team Rock Properties
(818) 241-1100
3 in this area
164 Total Sales
724 E Acacia Ave Unit 724A Glendale, CA 91205
Mariposa Neighborhood
4
Beds
2
Baths
1,884
Sq Ft
8,372
Sq Ft Lot
Highlights
- Beamed Ceilings
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
- Horace Mann Elementary School Rated A-
- Laundry Room
- Turnkey
About This Home
As of June 2025**Updated Duplex with Development Potential in Prime Glendale (91205)** An incredible investment opportunity awaits with this fully updated duplex, perfectly situated in one of Glendale’s most desirable neighborhoods. Sitting on a generous 8,369 sq ft lot, this property features two spacious 2-bedroom, 1-bathroom units—each thoughtfully renovated and move-in ready. Zoned GLR4YY, the lot offers multiple options for development, including the potential to build up to 5 units. **This property can also be purchased together with the adjacent single-family home (722 E Acacia), creating a rare chance to develop up to 10 units across both parcels.** Current plans for a 10-unit project have already been submitted to the City of Glendale and are pending corrections—giving investors a valuable head start. Both units are currently tenant-occupied on a month-to-month basis, with the option to be delivered either occupied or vacant at close of escrow—offering flexibility for both investors and owner-users. Located just minutes from downtown Glendale, the Americana at Brand, schools, shopping, and major freeways, this property checks all the boxes for rental income, redevelopment, or a strategic long-term hold. Don’t miss this rare dual-parcel opportunity in a high-demand area!
Last Agent to Sell the Property
Team Rock Properties Brokerage Email: jerry@teamrockproperties.com License #01269617 Listed on: 04/10/2025
Last Buyer's Agent
Arin Gharibian
Re/Max Tri-City License #01946372
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935 | Remodeled
Lot Details
- 8,372 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 1,884 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Ceiling Fan
- Decorative Fireplace
- Living Room with Fireplace
- Vinyl Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Driveway Level
- Paved Parking
- Parking Lot
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 37
- Assessor Parcel Number 5676005004
- $338 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,600
- New Taxes Expense $11,800
- Operating Expense $13,400
- Gross Income $65,100
- Net Operating Income $65,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
May 21, 2025
Sold by
724 Acacia Llc
Bought by
Vagda Investment Trust and Khachiki
Seller's Agent
Jerry Armen
Team Rock Properties
Buyer's Agent
Arin Gharibian
Re/Max Tri-City
List Price
$1,095,000
Sold Price
$1,150,000
Premium/Discount to List
$55,000
5.02%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,876
Avg. Annual Appreciation
-2.15%
Original Mortgage
$690,000
Outstanding Balance
$685,836
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$448,288
Purchase Details
Closed on
Jun 9, 2023
Sold by
Khachatrian Navasardyan Trust and Khachatrian Robert P
Bought by
724 Acacia Llc
Purchase Details
Closed on
Sep 8, 2017
Sold by
Danoukh Vachik
Bought by
Acacia Ten Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 26, 2017
Sold by
Danoukh Linet H
Bought by
Danoukh Vachik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 7, 2017
Sold by
Acacia Ten Llc
Bought by
Danoukh Vachik
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 27, 2016
Sold by
Shaheenian Rafi Masak and Shaheenian Soseeg Misak
Bought by
Acacia Ten Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,150,000 | Fidelity National Title | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Pacific Coast Title Company | |
| Grant Deed | -- | Pacific Coast Title Company | |
| Grant Deed | $785,000 | Title 365 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $690,000 | New Conventional | |
| Previous Owner | $543,000 | New Conventional | |
| Previous Owner | $471,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Sold | $1,150,000 | +5.0% | $610 / Sq Ft |
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $1,095,000 | -- | $581 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,800 | $1,076,814 | $790,704 | $286,110 |
| 2024 | $11,800 | $1,055,700 | $775,200 | $280,500 |
| 2023 | $10,000 | $893,191 | $540,466 | $352,725 |
| 2022 | $9,827 | $875,678 | $529,869 | $345,809 |
| 2021 | $9,659 | $858,509 | $519,480 | $339,029 |
| 2020 | $9,521 | $849,707 | $514,154 | $335,553 |
| 2019 | $9,292 | $833,047 | $504,073 | $328,974 |
| 2018 | $9,052 | $816,714 | $494,190 | $322,524 |
| 2016 | $2,395 | $207,780 | $183,897 | $23,883 |
| 2015 | $2,348 | $204,660 | $181,135 | $23,525 |
| 2014 | $2,342 | $200,652 | $177,587 | $23,065 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Armen
-
A
Buyer's Agent in 2025
Arin Gharibian
Re/Max Tri-City
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25078128
APN: 5676-005-004
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