Seller's Agent in 2026
Rick Raymundo
Marcus & Millichap
(818) 219-6146
3 in this area
68 Total Sales
629 E Elk Ave Glen Dale, CA 91205
Mariposa Neighborhood
22
Beds
14
Baths
10,700
Sq Ft
0.31
Acres Lot
Highlights
- 0.31 Acre Lot
- Horace Mann Elementary School Rated A-
- Laundry Room
About This Home
As of May 2026This stabilized asset features in-place rents approximately 10% below market, with Glendale's Rental Ordinance (aligned with statewide AB 1482 provisions) allowing annual increases of 5% + CPI. This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Additional income streams include monthly laundry income and storage income from three larger on-site storage units. Built in 1986, the asset totals 10,700 square feet and includes six 1-bed/1-bath units, six 2-bed/1-bath units, and two larger 2-bed/1-bath units. Ten of the fourteen units have been upgraded with laminate flooring, modern appliances, quartz countertops, and in several cases split-system A/C. For investors looking to maximize cash flow, the property will be delivered with approved plans to convert the three storage units into two brand new 2-bedroom/1-bathroom ADUs, enabling the new owner to add nearly $60,000 in annual rental revenue. Additional features include gated and controlled access, separate gas and electric meters per unit, on-site laundry room, and gated parking. The 13,531-square-foot lot is zoned R2250, rendering the current 14-unit configuration irreplaceable under existing zoning this truly represents the highest and best use. Positioned just east of S. Glendale Avenue and one block south of E. Colorado Street, the property is less than a mile from both The Americana at Brand and the Glendale Galleria. It offers excellent proximity to major thoroughfares and sits in one of Glendale's most sought-after neighborhoods, prized for its walkability, local retail, and access to business and amenities.
Last Agent to Sell the Property
Marcus & Millichap License #01357019 Listed on: 02/23/2026
Last Buyer's Agent
Arthur Mangassarian
License #00751703
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 13,531 Sq Ft Lot
Interior Spaces
- 10,700 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 22 Bedrooms
- 14 Bathrooms
Parking
- 21 Parking Spaces
- Assigned Parking
Community Details
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 5674-025-037
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | Sold | $4,825,000 | -3.4% | $451 / Sq Ft | |
| 05/01/2026 05/01/26 | Pending | -- | -- | -- | |
| 02/23/2026 02/23/26 | For Sale | $4,995,000 | +32.8% | $467 / Sq Ft | |
| 10/20/2017 10/20/17 | Sold | $3,760,000 | +4.4% | $351 / Sq Ft | View Prior Sale |
| 07/06/2017 07/06/17 | For Sale | $3,600,000 | -- | $336 / Sq Ft |
Source: The MLS
Tax History
| 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 | $47,756 | $4,278,234 | $1,706,742 | $2,571,492 |
| 2024 | $47,052 | $4,194,348 | $1,673,277 | $2,521,071 |
| 2023 | $45,991 | $4,112,107 | $1,640,468 | $2,471,639 |
| 2022 | $45,208 | $4,031,478 | $1,608,302 | $2,423,176 |
| 2021 | $44,420 | $3,952,430 | $1,576,767 | $2,375,663 |
| 2019 | $42,734 | $3,839,400 | $1,530,000 | $2,309,400 |
| 2018 | $42,066 | $3,764,200 | $1,500,000 | $2,264,200 |
| 2016 | $26,924 | $2,396,081 | $1,321,147 | $1,074,934 |
| 2015 | $26,386 | $2,360,091 | $1,301,303 | $1,058,788 |
| 2014 | $26,226 | $2,313,861 | $1,275,813 | $1,038,048 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Raymundo
-
Sevak Keshishian
Seller Co-Listing Agent in 2026
Sevak Keshishian
Marcus & Millichap
(818) 394-0772
1 in this area
53 Total Sales
-
A
Buyer's Agent in 2026
Arthur Mangassarian
-
Kamran Mahdavi
Seller's Agent in 2017
Kamran Mahdavi
Kamran Mahdavi, Broker
(949) 697-6496
7 Total Sales
Map
Source: The MLS
MLS Number: 26655543
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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