$5,595,000
$405K PRICE DROP

Estimated payment $36,021/month

Total Views 1,811
5 Beds
5 Baths
17,040 Sq Ft
$328 Price per Sq Ft

Highlights

  • 0.29 Acre Lot
  • No HOA
  • Landscaped
  • Herbert Hoover High School Rated A-
  • Laundry Room
  • Rectangular Lot

About This Home

Huge price reduction. The Elk Apartments is a well maintained property located in the City of Glendale. The property is located in South Glendale in very close proximity to The Galleria and The Americana at Brand. It presents a reposition opportunity as there is approximately 10% upside in rents with an excellent unit mix.

Listing Agent

Warren Berzack

Warren Lee Berzack Brokerage Phone: 818-269-2979 License #01329015 Listed on: 07/07/2025

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot

Home Design

  • Property Attached

Interior Spaces

  • 17,040 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 17 Parking Spaces
  • 17 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 1
  • Assessor Parcel Number 5696003026
  • $1,620 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Fuel Expense $2,000
  • Gardener Expense $2,160
  • Insurance Expense $6,700
  • Maintenance Expense $25,560
  • Pest Control $480
  • Professional Management Expense $4,800
  • Trash Expense $6,492
  • Water Sewer Expense $5,663
  • New Taxes Expense $67,140
  • Operating Expense $123,995
  • Gross Income $404,712
  • Net Operating Income $268,576

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 4.80
  • Price Per Unit: 349688
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5663.00
  • Zoning: GLR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 5696003026
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 328.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 6492.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 12497.00
  • Lot Size Acres: 0.2869

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 3000.00
  • Fuel Expense: 2000.00
  • Gross Income: 404712.00
  • Gross Multiplier: 13.82
  • Gross Operating Income: 392571.00
  • Gross Scheduled Income: 404712.00
  • Insurance Expense: 6700.00
  • Lot Size Area: 12497.0000 Square Feet
  • Maintenance Expense: 25560.00
  • Net Operating Income: 268576.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 123995.00
  • Rent Control: No
  • Total Expenses: 123995.00
  • Vacancy Allowance: 12141

Tax Info

  • New Taxes Expense: 67140.00
  • Tax Census Tract: 3023.02
  • Tax Lot: 29
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1620.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 Off Market $1,895 -- --
08/15/2025 08/15/25 Price Changed $5,595,000 0.0% $328 / Sq Ft
07/20/2025 07/20/25 For Rent $1,895 0.0% --
07/07/2025 07/07/25 For Sale $6,000,000 0.0% $352 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/20/2025 01/20/25 For Rent -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • 422 E Windsor Rd, Glendale, CA 91205

    $4,900,000

    • 3 Beds
    • 2 Baths
    • 14,328 Sq Ft
    • 422 E Windsor Rd
    • Glendale, CA

    Pleased to present Windsor Court Apartments, a charming 16-unit apartment community located at 416 and 422 E. Windsor Road. The property consists of two 8-unit buildings, on separate, adjacent parcels. In total, there are (12) 1-bedroom/1-bathroom units, and (4) 2-bedroom/1-bathroom units, surrounding a landscaped courtyard. Amenities include an on-site laundry facility, (12) single-car garages,

    Damien Breaux Morgan Skenderian

    Section Image
  • 657 W Milford St, Glendale, CA 91203

    $5,000,000

    • 3 Beds
    • 3 Baths
    • 12,030 Sq Ft
    • 657 W Milford St
    • Glendale, CA

    An exceptional investment opportunity awaits at 657 Milford Street, an 18-unit apartment complex with rentalupside in a prime Glendale location. This bright, airy, and modern property features six spacious 2-bed/1-bath units, two charming studios, and ten well-appointed 1-bed/1-bath units, appealing to a wide range of tenants. Residents will enjoy lush greenery in the beautifully landscaped front

    Julie Milbrodt Coldwell Banker Realty

    Section Image
  • 252 W Elm Ave, Burbank, CA 91502

    $5,550,000

    • 3 Beds
    • 3 Baths
    • 11,589 Sq Ft
    • 252 W Elm Ave
    • Burbank, CA

    SELLER WANTS TO SEE OFFERS: We are pleased to present the opportunity to acquire Elm Gardens, a stabilized 16-unit multifamily property located in the highly sought-after Rancho Adjacent submarket of Burbank. Ideally positioned near major landmarks and entertainment hubs, Elm Gardens offers a quality living experience in one of Los Angeles’ most desirable rental markets. Originally constructed

    Jared Levine Keller Williams Realty Calabasas

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25151874

California Regional Multiple Listing Service (CRMLS)