629 E Elk AVE new Save Request In-Person Tour Request Virtual Tour
Glendale,CA 91205
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,700 sqft
Price per Sqft $514
MLS Listing ID 25527929
Bedrooms 22
HOA Y/N No
Year Built 1987
Lot Size 0.311 Acres
Property Description
Built in 1987 and exceptionally well-maintained, 629 E Elk offers immediate curb appeal, solid in-place income, and future upside through already-initiated ADU conversion plans. Just minutes from The Americana at Brand, Glendale Galleria, and the Fashion Center, the property sits blocks from the cafs, restaurants, and office hubs that line Brand Boulevard. Its central location draws from a large pool of high-income renters employed at nearby law firms, financial institutions, entertainment companies, and major film studios. The building is comprised of (8) 2-bdrm. and (6) 1-bdrm. units, averaging approximately 750 SF. 10 of the 14 units have been renovated with wood-laminate flooring, quartz countertops, stainless steel appliances, upgraded tilework, and select units feature new mini-split A/C systems. A major value driver is the opportunity to convert three 30'x10' storage units into (2) 2-bedroom ADUs, plans for which are already in progress with the City of Glendale. The projected monthly rent from the ADUs is $4,990. Property amenities include 21 side-by-side parking spaces and a modern coinless laundry facility. Please note, Glendale currently allows for annual rent increases of 8.8%, making this one of the most landlord-friendly submarkets in LA County. The property also includes assumable financing: $3,125,000 at 6.18% interest-only, fixed for the next three years. With updated units, expansion potential, and an unbeatable location just blocks from Glendale's premier amenities, 629 E Elk offers an ideal mix of stability, upside, and long-term growth.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4*
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Disposal
Laundry Common Area
Exterior
Parking Features Covered
Community Features Gated
View Y/N No
View None
Total Parking Spaces 21
Building
Faces South
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5674025037
Security Features Gated Community
Special Listing Condition Standard