1244 E Acacia AVE Glendale, CA 91205

The property has been well maintained by the current owner. As a result the subject, in its current condition, benefits from lower expenses, maintenance costs, and repair charges. The roof was recently changed to a new cool roof.The location has a Walk Score of 80 out of 100. This means that the location is very walkable. Most errands can be accomplished on foot. Schools and parks are all within walking distance. According to Zip Atlas, the subject is located in the densest zip code in the Tri-City areas of Glendale, Burbank and Pasadena. Indeed the publication states that 91205 zip code is ranked 166th in density amongst 30,000 + zip codes nationally! This density alone is conducive to the business of apartment building rental.The demographics traits are also favorable. The two dominant tapestry/demographics groups surrounding the property are: City Lights and Downtown Melting Pot. 47.5% and 68.3% of the population respectively are renters vs. 36.4% of U.S. Population. With an average of 2.6 persons per household, the socioeconomic traits of these groups are contributive to the business of multifamily rentals.The employment backdrop is equally impressive. Over 1000 high tech firms employ 40000 employees in Glendale and surrounding areas.