1160 Elm Avenue, Glendale
Glendale Home For Sale
$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.
Property Details
Additional Information
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- City:
- Glendale
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- County:
- Los Angeles
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- Zip:
- 91201
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- MLS® #:
- SR24017647
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- Bedrooms:
- 5
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- Bathrooms:
- 4
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- Lot Size:
- 0.60
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 1160 Elm Avenue, Glendale, (MLS® #SR24017647)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $13,800,000) | $12,900,000 | $900,000 (6.52%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 4th, 2024 at 2:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.