215 W Acacia Avenue Pending

Glendale,CA 91204

$ 2400000

- Bed

- Bath

5600 SqFt


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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