$3,750,000

1052 Elm Ave Glendale, CA 91201

Grandview Neighborhood

Estimated payment $23,340/month

Total Views 6,995
2 Beds
1 Bath
9,716 Sq Ft
$386 Price per Sq Ft

About This Home

Presenting a solid investment opportunity, this two-story apartment complex features ten consistent 2-bedroom, 1-bathroom units. Located in a desirable residential area, the property offers a low-maintenance profile with recent upgrades, including new underground pipes and a newer roof. The 9,716 SF building, positioned on a 7,973 SF lot, provides ample living space. Tenants benefit from individual utility metering and a shared laundry facility. 12 parking spaces are provided. Select units showcase modern upgrades such as updated flooring, smooth ceilings, recessed lighting, granite countertops, and updated kitchen cabinets.

Listing Agent

Justin McCardle

Growth Investment Group Pasade Brokerage Phone: 310-606-0192 License #01895720 Listed on: 07/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,976 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 9,716 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 30 / A
  • Tax Tract Number 4280
  • Assessor Parcel Number 5624006018
  • $3,283 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Fuel Expense $3,000
  • Insurance Expense $4,800
  • Trash Expense $5,148
  • Water Sewer Expense $3,600
  • Operating Expense $76,322
  • Gross Income $252,900
  • Net Operating Income $170,969

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.62
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: GLR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5624006018
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 385.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5148.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7976.00
  • Lot Size Acres: 0.1831

Multi Family

  • Electric Expense: 3600.00
  • Fuel Expense: 3000.00
  • Gross Income: 252900.00
  • Gross Multiplier: 14.51
  • Gross Scheduled Income: 254940.00
  • Insurance Expense: 4800.00
  • Laundry Income: 2040.00
  • Lot Size Area: 7976.0000 Square Feet
  • Net Operating Income: 170969.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 76322.00
  • Rent Control: Yes
  • Total Expenses: 76322.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 3016.01
  • Tax Lot: 30
  • Tax Tract Number: 4280
  • TaxOtherAnnualAssessmentAmount: 3283.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2025 07/15/25 For Sale $3,750,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25159450

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendale 91201 Grandview

1052 Elm Ave, Glendale, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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Justin McCardle
Listing Agent
Justin McCardle
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Growth Investment Group Pasade
(747) 237-4715