NOT LISTED FOR SALE

917 E Elk Ave Glendale, CA 91205

Mariposa Neighborhood
14 Beds
10 Baths
6,040 Sq Ft
6,853 Sq Ft Lot

Last Sold September 20, 2019

Last sale price $2,400,000 $397 Per Sq Ft

1 Day on Market

Highlights

  • Gated Community
  • Private Yard
  • Laundry Room
  • Mountain View
  • Living Room
  • Stone Flooring

About This Home

As of September 2019

Excellent Investment opportunity centrally located in the heart of Glendale. 917 E. Elk is a 2 story, 6 unit apartment complex featuring four 3 bedroom/2 baths units and two 1 bedroom/1 bathroom units. Very easy to maintain, stable income for investors and plenty of potential in rents. Four of the six units have been remodeled and updated with new laminated flooring, new kitchen cabinets, and complete bathroom remodels. Each unit is separately metered for gas and electric. Located between Adams St and Everett St, one block south of Colorado St. This tucked away location provides for a refreshing escape from the busy metropolitan areas while still being less than a mile from The Americana at Brand and Downtown Glendale. The property is also in close proximity to the 5, 210 and 2 Freeways which provide easy access to Downtown Los Angeles, the San Gabriel Valley, the San Fernando Valley and much more!

Last Agent to Sell the Property

Chris Adams

Vimvi California License #02094666 Listed on: 07/22/2019

Co-Listed By

Mark MacFarlane

Vimvi California License #01795440

Last Buyer's Agent

Chris Adams

Vimvi California License #02094666 Listed on: 07/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,853 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Landscaped
  • Rectangular Lot
  • Private Yard
  • Lawn

Property Views

  • Mountain
  • Valley

Home Design

  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Raised Foundation
  • Frame Construction
  • Rolled or Hot Mop Roof
  • Common Roof
  • Stucco

Interior Spaces

  • 3-Story Property
  • Sliding Doors
  • Living Room

Kitchen

  • Gas Oven
  • Range

Flooring

  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 11 Car Garage
  • 11 Carport Spaces
  • Parking Available
  • Garage Door Opener
  • Automatic Gate
  • Community Parking Structure

Outdoor Features

  • Rain Gutters

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5674023015

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $360
  • Insurance Expense $2,220
  • Trash Expense $1,500
  • Water Sewer Expense $7,200

Additional Features

  • 6 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • CapRate: 4.16
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Gated Community, Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Not Applicable - 1007242
  • View: Yes
  • Water Sewer Expenses: 7200.00
  • Zoning: GLR4YY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5674023015
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Laminate, Stone
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Three Or More
  • Room Type: Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • View: Mountain(s), Valley
  • Roof: Common Roof, Flat, Rolled/Hot Mop
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 11.00
  • Parking: Yes
  • Parking Features: Carport, Community Structure, Covered, Garage Door Opener
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Range
  • Heating Type: Natural Gas
  • Laundry Features: Common Area, Individual Room
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Rectangular Lot, Utilities - Overhead, Walkstreet, Yard
  • Lot Size Sq Ft: 6853.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Fuel Expense: 360.00
  • Insurance Expense: 2220.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6853.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Total Actual Rent: 133800.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
09/20/2019 09/20/19 Sold $2,400,000 +4.4% $397 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $2,298,000 -- $380 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris Adams

    Vimvi California

  • Mark MacFarlane

    Seller Co-Listing Agent in 2019

    Mark MacFarlane

    Vimvi California

    (626) 460-7300

    163 Total Sales

    Mark MacFarlane
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819003417

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Glendale 91205 Mariposa

917 E Elk Ave, Glendale, CA

Not Listed for Sale

MultiFamily

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