Movoto Real Estate
Sold on 06/03/2025
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724 E Acacia Ave, Glendale, CA 91205

$1,143,000

Last sold 06/03/2025 for $1.15M

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    bed

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    bath

Multi-family not for sale

About 724 E Acacia Ave

Property type Multi-family
Neighborhood
Year built 1935
HOA fee $0/month
Lot size 8,372 Sqft
Movoto estimate
Rental estimate
Property description
**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 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!
Listed by
Listing Agent - Jerry Armen
Listing Agent Contact: Jerry@teamrockproperties.com
Listing Office - Team Rock Properties
Source: CRMLS mls logo
MLS#GD25078128 • last updated 1 year ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Duplex
Status Pending
Lot Size (Acres) 0.1922
Lot Size (SqFt) 8372
Year Built 1935
Condition Turnkey, Updated/Remodeled
Interior
Laundry Individual Room
Flooring Vinyl
Appliances Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features Beamed Ceilings, Ceiling Fan(s)
Exterior
Building Area Square Feet, 1884
Parking Concrete, Driveway Level, Parking Space
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces Living Room, Decorative
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View None
County Los Angeles
Community Features Sidewalks, Street Lights
Zoning GLR4YY
Directions Nearest Cross Streets: S Adams St & Boynton St
APN 5676005004
Multifamily Details
Tenant Pays All Utilities
Expense: Insurance 1600
Total Expenses 13400
Gross Income 65100
Gross Scheduled Income 65100
$1.14M
Range: $1M-$1.28M
Last 30 days 
Rental est.: $1,314/month
Gross rent multiplier: 73.0
  • Jun 2025
    mls logo MLS # GD25078128
  • Jun 4, 2025 Sold
    $1,150,000
  • May 27, 2025 Pending
    —
  • May 9, 2025 Active
    —
  • May 1, 2025 Listed
    —
  • Apr 25, 2025 Active
    —
  • Apr 9, 2025 Listed
    $1,095,000 (-15.8%)
  • Jun 2025
    Public Records
  • Jun 3, 2025 Sold
    $1,150,000 (+5.0%)
  • Mar 2025
    mls logo MLS # GD24220092
  • Mar 14, 2025 Listed
    —
  • Oct 28, 2024 Active
    —
  • Oct 23, 2024 Listed
    $1,300,000 (+25.6%)
  • Feb 2023
    Public Records
  • Feb 14, 2023 Sold
    $1,035,000
  • Feb 2023
    mls logo MLS # GD23002281
  • Feb 14, 2023 Sold
    $1,035,000 (+1.0%)
  • Feb 6, 2023 Pending
    —
  • Jan 17, 2023 Active
    —
  • Jan 5, 2023 Listed
    $1,025,000
  • Dec 2022
    mls logo MLS # GD22223834
  • Dec 8, 2022 Price Change
    $1,025,000 (-2.3%)
  • Nov 29, 2022 Price Change
    $1,049,000 (-4.5%)
  • Nov 14, 2022 Price Change
    $1,099,000 (-4.4%)
  • Nov 7, 2022 Price Change
    $1,149,000 (-4.2%)
  • Oct 17, 2022 Listed
    $1,199,000
  • Apr 2022
    mls logo MLS # 320009402
  • Apr 20, 2022 Price Change
    $1,199,000 (-4.1%)
  • Feb 21, 2022 Listed
    $1,250,000 (+59.2%)
  • Feb 2016
    mls logo MLS # 316000083
  • Feb 8, 2016 Sold
    $785,000
  • Feb 8, 2016 Sold
    $785,000
  • Jan 4, 2016 Listed
    $795,000
  • Jan 4, 2016 Listed
    $795,000
  • Feb 2016
    Public Records
  • Feb 4, 2016 Sold
    $785,000 (-1.3%)
  • Year Property taxes Tax assessment
  • 2024
    $11,800 +18.0%
    $1,055,700
  • 2023
    $10,000 +1.8%
    $1,055,700 +18.19%
  • 2022
    $9,827 +1.7%
    $893,191 +4.04%
  • 2021
    $9,659 +1.4%
    $858,509 +1.04%
  • 2020
    $9,521 +5.2%
    $849,707 +2.0%
  • 2018
    $9,052 +1.6%
    $833,047 +4.04%
  • 2017
    $8,913 +272.2%
    $800,700 +285.36%
  • 2016
    $2,395 +2.0%
    $207,780
  • 2015
    $2,348
    —
  • 724 E Acacia Ave
    $1.15M
  • Mariposa
    $490K -43% y/y
  • 91205
    $895K -8% y/y
  • Glendale
    $1.1M -8% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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