1140 E Elk Ave
Glendale, CA 91205
Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,360 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | ||
| Zoning | GLR4YY | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,360 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | GLR4YY |
Amenities
Site Amenities
- Laundry Facilities
About 1140 E ELK AVE , GLENDALE, CA 91205
Marcus & Millichap is pleased to present a ten (10) unit apartment building located in the non rent controlled city of Glendale. The subject property features a 1920’s charm with lush landscaping and interior hallways. With approximately 8,360 square feet, the property features a diverse unit mix of two (2) studios, six (6) one bed/ one bath units, and two (2) two bed/ one bath units. The property has been well maintained throughout ownership featuring: newer dual pane windows, new main sewer line, new main water line, and copper plumbing. The roof was replaced approximately 10 years ago, and the entire property is master metered for all utilities. The current rents collected are substantially below the market rate, providing an opportunity for a new investor to capitalize on approximately 57% +/- of rental upside. The market rents can be achieved through unit modernization with upgraded flooring, newer counter tops, stainless steel appliances, and recessed lighting. Two units are non-conforming.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 5674-031-012 | Improvements Assessment | $1,591,174 |
| Land Assessment | $1,060,782 | Total Assessment | $2,651,956 |
Property Taxes
