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Listed by Justin McCardle, DRE #01895720 • Growth Investment Group Pasade
$ 3,750,000
Est. payment /mo
Active
1052 Elm AVE Glendale, CA 91201
7,973 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26144903
Year Built 1963
Lot Size 7,973 Sqft
Source California Regional MLS
Property Description
We are is proud to offer ELM APARTMENTS - 1052 Elm Ave, a very well maintained 10-unit apartment investment located in the highly desirable City of Glendale, CA. This prime Value-Add opportunity is perfect for an experienced investor looking to acquire a superbly located apartment property and maximize its income potential. This property has been under the same ownership since 2004. The units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. The property is two-story apartment community that was built in 1963. It is situated on a quiet, residential street surrounded by other condominium and townhome communities. It offers a superb unit mix of ALL (10) 2 bed + 1 bath units with a total of 12 parking spaces. Parking is provided by 9 marked parking spaces (8-tuck under and 1 open space) and 3 unmarked spaces in the front and the back. Each spacious unit is separately metered for gas/ electricity and the property has a common laundry area for tenants. The property has been well maintained throughout current ownership and some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in living room, ceiling fans in bedrooms
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Interior
Laundry Laundry Area
Exterior
Parking Features Carport , Other
Pool None
Building
Water District - Public
Others
Tax ID 5624006018
Special Listing Condition Not Applicable
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