17
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$3,750,000
Est. payment /mo
2 Beds
1 Bath
7,973 Sqft Lot
New
1052 Elm Avenue Glendale, CA 91201
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26144903
Bedrooms 2
Lot Size 7,973 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are is proud to offer ELM APARTMENTS 1052 Elm Ave, a very well maintained 10-unit apartment investment located in the highly desirable City of Glendale, CA. This prime Value-Add opportunity is perfect for an experienced investor looking to acquire a superbly located apartment property and maximize its income potential. This property has been under the same ownership since 2004. The units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. The property is two-story apartment community that was built in 1963. It is situated on a quiet, residential street surrounded by other condominium and townhome communities. It offers a superb unit mix of ALL (10) 2 bed + 1 bath units with a total of 12 parking spaces. Parking is provided by 9 marked parking spaces (8-tuck under and 1 open space) and 3 unmarked spaces in the front and the back. Each spacious unit is separately metered for gas/ electricity and the property has a common laundry area for tenants. The property has been well maintained throughout current ownership and some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in living room, ceiling fans in bedrooms and tiled bathroom. This asset will be a great addition to any size real estate portfolio! The property is strategically situated near luxurious amenities, dining, and upscale shopping at the Glendale Galleria and Americana at Brand, and just a few miles northeast of Hollywood, known as the Media Ca
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located between Glenoaks and San Fernando Rd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5624006018
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Justin McCardle, DRE#01895720 Growth Investment Group Pasade
NEARBY SCHOOL & BUSINESS
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