1052 Elm Ave Glendale, CA 91201
Grandview NeighborhoodEstimated payment $22,445/month
About This Home
We are is proud to offer ELM APARTMENTS – 1052 Elm Ave, a very well maintained 10-unit apartment investment located in the highly desirable City of Glendale, CA. This prime Value-Add opportunity is perfect for an experienced investor looking to acquire a superbly located apartment property and maximize its income potential. This property has been under the same ownership since 2004. The units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. The property is two-story apartment community that was built in 1963. It is situated on a quiet, residential street surrounded by other condominium and townhome communities. It offers a superb unit mix of ALL (10) 2 bed + 1 bath units with a total of 12 parking spaces. Parking is provided by 9 marked parking spaces (8-tuck under and 1 open space) and 3 unmarked spaces in the front and the back. Each spacious unit is separately metered for gas/ electricity and the property has a common laundry area for tenants. The property has been well maintained throughout current ownership and some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in living room, ceiling fans in bedrooms and tiled bathroom. This asset will be a great addition to any size real estate portfolio! The property is strategically situated near luxurious amenities, dining, and upscale shopping at the Glendale Galleria and Americana at Brand, and just a few miles northeast of Hollywood, known as the “Media Capital of the World” and Burbank, home to Walt Disney and Warner Bros. Studios. It is minutes to the largest Ikea in the world, Burbank Bob Hope Airport, Home Depot, Kaiser Permanente Medical Center, Department of Motor Vehicles, Costco Wholesale, and two major shopping centers. The landmark Burbank Town Center, offers more than 170 retail stores, restaurants, and entertainment venues, including Macy’s, Sears, Bed Bath & Beyond, Barnes & Noble, and AMC Theatres where surface lots and garage parking is free. The Burbank Empire Center is one Los Angeles’ largest grossing shopping centers, featuring Walmart, Target, Nordstrom Rack, Best Buy, Lowe’s, Outback Steakhouse, Olive Garden, and many more.
Listing Agent
Growth Investment Group Pasade Brokerage Phone: 310-606-0192 License #01895720 Listed on: 07/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,973 Sq Ft Lot
- Two or More Common Walls
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,716 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- Carport
- Parking Available
- Driveway
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 30 / A
- Tax Tract Number 4280
- Assessor Parcel Number 5624006018
- $1,098 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,000
- Fuel Expense $3,000
- Insurance Expense $4,800
- Trash Expense $5,148
- Water Sewer Expense $4,200
- Operating Expense $74,668
- Gross Income $259,080
- Net Operating Income $176,640
Additional Features
- 10 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,471 | $1,969,169 | $1,108,992 | $860,177 |
| 2024 | $22,243 | $1,930,559 | $1,087,248 | $843,311 |
| 2023 | $21,755 | $1,892,706 | $1,065,930 | $826,776 |
| 2022 | $21,387 | $1,855,595 | $1,045,030 | $810,565 |
| 2021 | $20,987 | $1,819,212 | $1,024,540 | $794,672 |
| 2020 | $20,692 | $1,800,559 | $1,014,035 | $786,524 |
| 2019 | $20,206 | $1,765,254 | $994,152 | $771,102 |
| 2018 | $19,839 | $1,730,642 | $974,659 | $755,983 |
| 2016 | $18,835 | $1,663,441 | $936,813 | $726,628 |
| 2015 | $18,461 | $1,638,456 | $922,742 | $715,714 |
| 2014 | $18,352 | $1,606,362 | $904,667 | $701,695 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2026 07/03/26 | For Sale | $3,750,000 | -- | $386 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Insuran | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Grant Deed | $1,385,000 | First American Title Ins Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,250,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $950,000 | Commercial | |
| Previous Owner | $940,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26144903
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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