1132-1138 Elm Ave | Glendale, CA 91201
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- LoopNet Team
1132-1138 Elm Ave
Glendale, CA 91201
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- With strong and stable income, 1134 Elm Avenue has excellent in-place income and provides a proven model for continued operation and further upside.
- Attractive Assumable Financing of approximately $2,500,000 with w/ JP Morgan Chase at 3.4%, interest only.
- 1134 Elm Ave has four large Townhome-Style units. Two (2) Large Four-Bedroom Units and two (2) Large Two-Bedroom Townhome Units.
- Elm Avenue features an attractive unit composition of two (2) Four-Bedrooms, twelve (12) Two-Bedrooms, and two (2) One-Bedrooms.
- Located in the sought-after Glendale sub-market. 1134 Elm Avenue borders the City of Burbank and is immediately adjacent to IKEA and Downtown Burbank.
- Located in the City of Glendale, 1134 Elm Avenue is impacted by AB 1482, meaning Statewide rent control. Additionally, there is no ULA “Mansion Tax”.
PROPERTY FACTS
| No. Units | 16 | Building Size | 16,738 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | R4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 16,738 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Dining Room
- Family Room
- Warming Drawer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,738 | 690 |
| 2+2 | 10 | $2,382 | 900 |
| 3+2.5 | 2 | $2,925 | 1,100 |
| 4+3 | 2 | $4,200 | 1,600 |
PROPERTY TAXES
| Parcel Number | 5621-035-030 | Improvements Assessment | $3,110,000 |
| Land Assessment | $4,665,000 | Total Assessment | $7,775,000 |
PROPERTY TAXES
Parcel Number
5621-035-030
Land Assessment
$4,665,000
Improvements Assessment
$3,110,000
Total Assessment
$7,775,000
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