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447 Elk Avenue, Glendale, CA 91204
Priced at Only: $5,550,000
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Address: 447 Elk Avenue, Glendale, CA 91204
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  • MLS#: 26657803 ( )
  • Street Address: 447 Elk Avenue
  • Viewed: 1
  • Price: $5,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 22
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91204
  • Provided by: Matthews Real Estate Investment Services
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Located at 447 W Elk Ave in Glendale, CA, this well maintained 16 unit apartment community offers investors a stabilized multifamily asset in one of Los Angeles County's most desirable rental submarkets. COnstructed in 1964, the +/ 12,704 square foot building features a diverse unit mix comprised of (8) one bedroom/one bathroom units, (4) two bedroom/one and a half bath units, and (4) two bedroom/two bath units, catering to a broad tenant demographic. Ownesrhip has managed the property effectively, and current operations reflect performance near market rents, providing immediate income with potential for incremental upside. Situated in a convenient Glendale location, the property benefits from proximity to major employment hubs, retail corridors, and entertainment destinations throughout Glendale and neighboring Burbank. Residents enjoy easy access to The Americana at Brand, Glendale Galleria, and a wide variety of dining options, while commuters benefit from close connectivity to the 5 and 134 freeways. The surrounding neighborhood offers a strong blend of urban convenience and residential appeal, making this property an attractive option for long term renters seeking quality housing in a high demand market.
Features
Building Area Total
  1. 12704.00
Country
  1. US
Levels
  1. Multi/Split
Netoperatingincome
  1. 251019.00
Parcel Number
  1. 5696003026
Sourcesystemkey
  1. 26657803:CLAW
Totalexpenses
  1. 141667.00
Year Built
  1. 1964
Year Built Source
  1. Other
Zoning
  1. GLR4YY
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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