629 E Elk Avenue

Glendale, CA 91205

$5,375,000

List Price

22

bed Beds

14

shower Baths

10,700 sqft

straighten / sqft

1987

calendar_month Built

Property Description

*** Returning to the market at a $400,000 price reduction *** Located 0.75 miles from the heart of Downtown Glendale, 629 Elk is a well-maintained 14-unit property situated near The Americana @ Brand, Glendale Galleria, and a wide array of popular retailers, cafes, and restaurants along Brand Blvd. Please note the City of Glendale currently allows for an 8.8% annual rent increase. Built in 1987, this well-maintained complex features (8) 2-bdrm. units, (6) 1-bdrm. units, and the potential to add (2) 2-bdrm. ADUs (buyer to verify). These spacious units average approx. 750 SF. There are (3) 30' X 1' storage units with roll-up doors that currently provide additional income and can be converted to ADUs (buyer to verify). 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.

Listing Information

List Price $5,375,000
Status Active
MLS 24412949
Type Residential Income
Year Built 1987
Lot Size 13,531
Structure Size 10,700
DOM 35
Courtesy Of Compass
Listing Agent Max Berger DRE#02054048

Interior Features

Total Bedroom
Bedrooms 22
Total Bathroom
Bathrooms 14
Additional Information
Additional Features Ceiling Fan(s)

Exterior Information

Maps

Listing information courtesy of: Max Berger, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.