Active

1160 Elm AVE

GLENDALE CA, 91201

$12,900,000


$474.88 per sqft

Active

5 Beds

4 Baths

27,165 sqft

Condo

Built in 1986

$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.

SR24017647MR

MLS ID

January 29, 2024

Listed

May 9, 2024

Updated

Map

1160 Elm AVE
GLENDALE CA, 91201

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

4


Laundry Description

Laundry Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.6 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Glendale-Northwest


Days on Market

70


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Private


Pool

No


Pool Features

None


Zoning

GLR4*

Listing History

Date

Event

Price

4/8/2024

Price Change

$12,900,000

-7%

Listed by Levon Alexanian with Keller Williams World Media Center
Listing Contact: 8182391206 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Enrique Lizarazu shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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