Seller's Agent in 2024
Nick Astrupgaard
KW Commercial Studio City
(818) 432-1580
1 in this area
23 Total Sales
1134 Elm Ave Glendale, CA 91201
Grandview Neighborhood
34
Beds
34
Baths
16,738
Sq Ft
0.31
Acres
Highlights
- 0.31 Acre Lot
- Subterranean Parking
- Central Heating and Cooling System
- Herbert Hoover High School Rated A-
- Laundry Room
About This Home
As of August 2024We are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California, built in 1987. The offering provides investors with a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles along with an attractive assumable loan. Glendale is attractive to prospective owners and renters alike. As it's located in the City of Glendale, 1134 Elm Avenue is impacted by AB 1482, meaning Statewide rent control. Additionally, there is no ULA "Mansion Tax". 1134 Elm Avenue was built in 1987 and boasts sixteen spacious apartment homes. It features an attractive unit composition of two (2) Four-Bedroom | Three-Bathroom units, two (2) Two-Bedroom | Two and a Half-Bathroom Townhome units, ten (10) Two-Bedroom | Two-Bathroom units, and two (2) One-Bedroom | One-Bathroom units. What makes the building and units so attractive are the amenities, precisely: fourteen of the sixteen units feature in-unit washer dryers, central A/C, and at least one balcony. There is a whopping total of 22 balconies or sundecks. In all, 1134 Elm Avenue features 16,738 square feet of improvements on a collective 13,313 square feet of land, zoned GLR4. The property is separately metered for gas and electrical utilities. While all the units stand out in size and design, 1134 Elm Avenue boasts two Four-Bedroom Townhome Units and two 2 Bedroom Townhomes, ideal for families or those working for home. The Four Bedroom units showcase four separate balconies, high ceilings, ensuite bathrooms, and in-unit washer/dryers. The Two Bedroom Townhomes feature private sundecks, perfect for gatherings or taking in mountain and city views, high ceilings, ensuite bathrooms, and in-unit washer/dryers. The property has seen significant updates over the years, and an updated roof in 2019. Six units have received updated kitchens, along with new/modern lighting, flooring, and bathroom updates throughout the property. The property offers enhanced security and convenience for tenants. It's fully gated with automated, subterranean parking. Fourteen of the sixteen units have two parking spaces, and the 1-Bedroom units have one space -- 30 parking spaces in all. As you approach the property from the street, there's a secure, gated entry with an intercom, and an inviting courtyard welcomes you. Tenants benefit from enhanced security with security cameras throughout the property. The location is in the heavily sought-after Glendale sub-market. 1134 Elm Avenue borders the City of Burbank and is immediately adjacent to IKEA and Downtown Burbank. Residents are also located in the highly desirable Glendale Unified School District. The location is near many favorable shopping and dining destinations and boasts a Walk Score of 85, deemed "Very Walkable" by Walkscore.com. Elm Avenue is in close proximity to major studios and just a short drive from neighboring primary employers in Hollywood and Downtown Los Angeles.
Last Agent to Sell the Property
KW Commercial Studio City License #01893466 Listed on: 10/10/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Interior Spaces
- 16,738 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 34 Bedrooms
- 34 Bathrooms
Parking
- 30 Parking Spaces
- Subterranean Parking
Additional Features
- 0.31 Acre Lot
- Central Heating and Cooling System
Community Details
- 16 Units
Listing and Financial Details
- Assessor Parcel Number 5621-035-030
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2024 08/05/24 | Sold | $7,775,000 | -5.8% | $465 / Sq Ft |
| 05/29/2024 05/29/24 | Pending | -- | -- | -- |
| 10/10/2023 10/10/23 | For Sale | $8,250,000 | 0.0% | $493 / Sq Ft |
| 04/01/2014 04/01/14 | Rented | $2,550 | -1.9% | -- |
| 04/01/2014 04/01/14 | For Rent | $2,600 | -- | -- |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nick Astrupgaard
-
Rich Johns
Seller Co-Listing Agent in 2024
Rich Johns
KW Commercial Studio City
(818) 432-1500
1 in this area
33 Total Sales
-
Tigran Bakalyan
T
Buyer's Agent in 2024
Tigran Bakalyan
LA Premier Realty
(855) 525-7653
2 in this area
29 Total Sales
-
J
Seller's Agent in 2014
John Gevorkian
Coldwell Banker Hallmark Realty
Map
Source: The MLS
MLS Number: 23-319781
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