1160 Elm Avenue

Glendale, CA 91201

$12,900,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $474 / sqft

1986

calendar_month Built

Property Description

$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as "El Miradero" / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1160 Elm Avenue
City Glendale
State CA
Zip 91201
County Los Angeles
Listing Agent Levon Alexanian DRE#00911091
Courtesy Of Keller Williams World Media Center
MLS SR24017647
List Price $12,900,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 26,333
Year Built 1986
DOM 71

Exterior Information

Maps

Listing information courtesy of: Levon Alexanian, Keller Williams World Media Center . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 8th, 2024 at 10:44 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.