629-631 E Elk Ave | Glendale, CA 91205
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629-631 E Elk Ave
Glendale, CA 91205
14 Units by The Americana w/ 13.97 GRM · Multifamily Property For Sale
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14 Units
INVESTMENT HIGHLIGHTS
- Located 0.75 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and downtown Glendale.
- Well-maintained complex featuring (8) 2-bdrm. units, (6) 1-bdrm. units, and the poentital for (2) 2-bdrm. ADUs (buyer to verify).
- (3) 30' X 10' storage units with roll-up doors provide additional income and can be converted to ADUs (buyer to verify)
- The City of Glendale currently allows for an 8.8% annual rent increase (5% + CPI).
- Renovated units include new windows, wood-laminate flooring, stainless-steel appliances, quartz countertops, new tilework, and a mini-split A/C
- Property amenities include a laundry room with coinless machines, and 21 side-by-side parking spaces
PROPERTY FACTS
| No. Units | 14 | Building Size | 14,700 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | R4, Glendale | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 14,700 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R4, Glendale |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Stainless Steel Appliances
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,265 | - |
| 1+1 | 6 | $2,063 | - |
PROPERTY TAXES
| Parcel Number | 5674-025-037 | Improvements Assessment | $2,571,492 |
| Land Assessment | $1,706,742 | Total Assessment | $4,278,234 |
PROPERTY TAXES
Parcel Number
5674-025-037
Land Assessment
$1,706,742
Improvements Assessment
$2,571,492
Total Assessment
$4,278,234
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