A 19-unit apartment community in Glendale has traded hands in a deal that attracted multiple offers. A private investor ultimately picked up the property for $7.6 million.
Locate at 714 E. Acacia Avenue, the building is 18,901 square-foot property and was originally built in 1987. All units are two-bedroom, two-bathroom, an feature underground parking, intercom entry, central air and heat and an on-site laundry facility.
Priscilla Nee of CBRE represented the seller, a private investor.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
