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1160 Elm Avenue, Glendale, Los Angeles County, CA, 91201

For Sale

$12,900,000 USD
$12,900,000 USD
  • 5 Beds
  • 4 Baths
  • 27,165 Sqft
  • 0.605 ac Lot Size
  • Residential Multi Family
Open House
No open houses are scheduled at this time.
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Property Summary for 1160 Elm Avenue

Type
Residential Multi Family
Sub-Type
Apartment
Listing Status
Active
Lot Size
0.605 Ac
MLS Number
SR24017647
Year Built
1986
Parcel Number
5621034029
Half Bath Total
1
Neighborhood
Grandview
Zip
91201
School District
Glendale Unified School District
Rooms Information

Description for 1160 Elm Avenue

$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.
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Features for 1160 Elm Avenue

Lot Features
  • Exterior Features: Community Features Included: Biking, Curbs, Hiking, 31-35 Units/Acre
Building Features
  • Floors: 2
  • Units: 3
Listing provided by California Regional Multiple Listing Service, Inc
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Taxes for 1160 Elm Ave, Glendale, CA 91201

Year Property Taxes Market Value
2023-2024 $73,301 $6,777,104
The market value for this residential property was estimated at $6,777,104. In 2023-2024, property taxes for 1160 Elm Ave, Glendale, CA 91201 were $73,301.

Nearby Sales

Address Sale Price Sale Date Sqft Price/sqft
1945 W Glenoaks Blvd, Glendale, CA 91201 $230,000 28/05/1997 1,072 $215
1165 Linden Ave #A, Glendale, CA 91201 $175,000 19/04/1994 2,099 $83
1951 W Glenoaks Blvd, Glendale, CA 91201 $37,500 13/04/1992 2,636 $14

Disclaimer

Latest sale prices and tax info are provided by PropertyShark, from public records.

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