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$3,500,000   Price Analysis
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524 E Acacia Ave
Glendale, CA 91205
14 bed 14 bath 8,080 SqFt ($433/SqFt)
7,970SqFt lot. Built 1987
Listed 2024-03-01, Taxes $10,105
Ⓧ USDA Ineligible
due to price & location

near Glendale

This is a fantast ic opportunity to purchase a 7-unit building in a prime Glendale location with lots of potential to increase rents.

The corner lot has a security parking.

All units are two big bedroms with Central Ac units.


Presented by Mike Kobeissi at
Kobeissi Properties Inc.
Listing Agent Photo

Property MLS #P1-16677 from CRMLS

Bedrooms: 14

Unfurnished

Appliances YN: Yes

Cooling Features: Central Air
Heating: Yes

Full Bathrooms: 14

Fencing: Fence YN: Yes, Fencing: Stone, Wrought Iron

Carport Spaces: 14
Garage Spaces: 14
Parking Features: Parking YN: Yes
Parking Total: 14

Lot Size Acres: 0.182966
Lot Size Source: Assessor
Lot Size Square Feet: 7970

Association: No
Calculated Total Monthly Association Fees: 0
Gardener Expense: 1200.00

Number of Units Leased: 7
Tenant Pays: Cable TV, Gas
Rent Control: Yes

Community Features: Valley

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Total Bathrooms in Unit-7: 2
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Unit-5 Garage Spaces: 2
Unit-6 Garage Spaces: 2
Unit-7 Garage Spaces: 2

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 3800.00
Area: 628 - Glendale-South of 134 Fwy
Source Neighborhood: 628 - Glendale-South of 134 Fwy
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Parcel Number: 5676007001
Postal Code Plus 4: 2873
Trash Expense: 3600.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$712,466 + $108,580
$821,046
$10,105
2021$698,497 + $106,451
$804,948
$9,899
2020$691,335 + $105,360
$796,695
$9,764
2019$677,780 + $103,295
$781,075
$9,548
2018$664,491 + $101,270
$765,761
$9,315
2017$651,462 + $99,285
$750,747
$9,138
2016$638,689 + $97,339
$736,028
$8,786
2015$629,096 + $95,877
$724,973
$8,620
2014$616,773 + $93,999
$710,772
$8,591
2013$613,986 + $93,575
$707,561
$8,409
2012$601,948 + $91,741
$693,689
$8,303
2010$590,146 + $89,943
$680,089
$7,921
2009$587,128 + $89,484
$676,612
$7,994
2009$585,736 + $89,271
$675,007
$7,994
2008$575,616 + $87,730
$663,346
$7,832
2007$564,330 + $86,010
$650,340
$7,648

Listed 2024-03-01
$3,500,000
CRMLS
Sold 1979-07-17
$65,000
Public Record

Net Operating Income: 211200.00

Total Square Feet Living: 8080
Year Built: 1987
Building Features: 1
Common Walls: No Common Walls
Property Age: 37
Levels or Stories: Three Or More
Building Total Stories: 1
Year Built Source: Assessor

Sewer: Water Sewer Expense: 18000.00

Horace Mann Elementary School is a public elementary school located approximately 0 miles away.
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Theodore Roosevelt Middle School is a public middle school located approximately 0.2 miles away.
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Glendale High School is a public high school located approximately 1.2 miles away.
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Holy Family High School College Preparatory is a private high school located approximately 0.4 miles away.
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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.