Glendale Multifamily Attracts Multiple Offers

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.