$2,870,000 Price Analysis 421 E Acacia AveGlendale, CA 91205 16 bed 8 bath 6,206 SqFt ($462/SqFt) 0.23 acre lot. Built 1953 Listed 2024-03-11, Taxes $7,834 | Ⓧ USDA Ineligible due to price & location near Glendale |
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 hist oric Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less thn one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
Presented by Roderick 'Rick' Raymundo at
Marcus & Millichap.
Property MLS #24-366386 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $351,588 + $265,905 $617,493 | $7,834 |
2021 | $344,695 + $260,692 $605,387 | $7,679 |
2020 | $341,161 + $258,019 $599,180 | $7,576 |
2019 | $334,472 + $252,960 $587,432 | $7,414 |
2018 | $327,914 + $248,000 $575,914 | $7,141 |
2017 | $321,485 + $243,138 $564,623 | $6,996 |
2016 | $315,182 + $238,371 $553,553 | $6,728 |
2015 | $310,448 + $234,791 $545,239 | $6,604 |
2014 | $304,367 + $230,192 $534,559 | $6,603 |
2013 | $302,992 + $229,152 $532,144 | $6,474 |
2012 | $297,051 + $224,659 $521,710 | $6,394 |
2010 | $291,227 + $220,254 $511,481 | $6,073 |
2009 | $289,738 + $219,128 $508,866 | $6,127 |
2009 | $289,051 + $218,608 $507,659 | $6,127 |
2008 | $284,057 + $214,832 $498,889 | $6,005 |
2007 | $278,488 + $210,620 $489,108 | $5,853 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.