4-Unit Townhouse-Style Apartment
337 W Acacia Avenue, Glendale, CA 91204
For Sale
$2,250,000
Four residences offer matching two-bedroom layouts with one-and-a-half bathrooms in a townhouse-style configuration.
Property Size4,498 SF
Price / SF$500.22
Days on Market161
Property Features for 337 W Acacia Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Baboudjian Properties Inc.
(626) 657-7575
Listed By:
Jack Baboudjian · License CA #01372116
(818) 244-5151
Source:
Monumentglobalestates
Added: Jun 3
Changed: Nov 8
Last Checked: Nov 9 at 7:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baboudjian Properties Inc.
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Investment Insights
Based on property information with market context.
Built in 1966, this 4,498-square-foot apartment property contains four townhouse-style residences. Each unit has two bedrooms and one-and-a-half bathrooms. The property and its units have been well maintained, and tenants are in place.
The building is near Central Avenue, with shopping and restaurants along Central and Brand avenues. Its Glendale setting combines a residential environment with access to those nearby commercial corridors.
The building is near Central Avenue, with shopping and restaurants along Central and Brand avenues. Its Glendale setting combines a residential environment with access to those nearby commercial corridors.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 1/2 bathrooms
- Townhouse‑style residences
- 4,498 square feet; built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,493
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,860
$1.9M
Cap Rate 7%
$1,392,757
$1.4M
Cap Rate 9%
$1,083,256
$1.1M
Market Conditions
NOI Build-Up for 4,498 SF
Gross rent
$148.4K $33.00/SF
− Vacancy
−$9.2K −$2.04/SF
EGI
$139.3K $30.96/SF
− OpEx
−$41.8K −$9.29/SF
NOI
$97.5K $21.67/SF
Area
Glendale, CA
Vacancy
6.17%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,860
Cap Rate 7%
$1,392,757
Cap Rate 9%
$1,083,256
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,493 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,659 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,365 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,770
Businesses Nearby
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Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer matching two-bedroom layouts with one-and-a-half bathrooms in a townhouse-style configuration.
Where is this quadplex located?
The property is located at 337 W Acacia Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 1/2 bathrooms; Townhouse‑style residences; 4,498 square feet; built in 1966
