Property listed by Team Rock Properties, Jerry Armen
724 E Acacia Avenue
Glendale, CA 91205
**Updated Duplex with Development Potential in Prime Glendale (91205)** An incredible investment opportunity awaits with this fully updated duplex, perfectly situated in one of Glendale’s most desirable neighborhoods. Sitting on a generous 8,369 sq ft lot, this property features two spacious 2-bedroom, 1-bathroom units—each thoughtfully renovated and… Read More move-in ready. Zoned GLR4YY, the lot offers multiple options for development, including the potential to build up to 5 units. **This property can also be purchased together with the adjacent single-family home (722 E Acacia), creating a rare chance to develop up to 10 units across both parcels.** Current plans for a 10-unit project have already been submitted to the City of Glendale and are pending corrections—giving investors a valuable head start. Both units are currently tenant-occupied on a month-to-month basis, with the option to be delivered either occupied or vacant at close of escrow—offering flexibility for both investors and owner-users. Located just minutes from downtown Glendale, the Americana at Brand, schools, shopping, and major freeways, this property checks all the boxes for rental income, redevelopment, or a strategic long-term hold. Don’t miss this rare dual-parcel opportunity in a high-demand area! Read Less
$1,095,000
Listing Snapshot
Days Online
15
Last Updated
Property Type
Duplex
Lot Size
0.19 Acres
Year Built
1935
MLS Number
GD25078128
30 Days Snapshot Of 91205
$947k
+11%
(avg) sold price
3
-40%
homes sold
45
-64%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasOven, GasRange, Microwave, Refrigerator
Building
Built in 1935, Building area total: 1,884, Levels: One, 1 story, 2 buildings, Common walls: NoCommonWalls
Community
StreetLights, Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance expense: $1,600, New taxes expense: $11,800
Fireplaces
Decorative, LivingRoom
Floors
Vinyl
Heating
WallFurnace
Income
Gross income: $65,100, Net operating income: $65,100
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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