$2,400,000
215 W Acacia Avenue Glendale, CA 91204
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Listed by Chris Keramati • Triqor Group
$2,400,000
Est. payment /mo
5,600 SqFt
Pending
215 W Acacia Avenue Glendale, CA 91204
UPDATED:
11/20/2022 11:36 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $428
MLS Listing ID CRPW22209552
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1952
Lot Size 7,573 Sqft
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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