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629 E Elk Ave, Glendale, CA 91205

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For Sale

$5,500,000

22 beds • 10,700 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $514.02
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Built in 1987 and exceptionally well-maintained, 629 E Elk offers immediate curb appeal, solid in-place income, and future upside through already-initiated ADU conversion plans. Just minutes from The Americana at Brand, Glendale Galleria, and the Fashion Center, the property sits blocks from the cafs, restaurants, and office hubs that line Brand Boulevard. Its central location draws from a large pool of high-income renters employed at nearby law firms, financial institutions, entertainment companies, and major film studios. The building is comprised of (8) 2-bdrm. and (6) 1-bdrm. units, averaging approximately 750 SF. 10 of the 14 units have been renovated with wood-laminate flooring, quartz countertops, stainless steel appliances, upgraded tilework, and select units feature new mini-split A/C systems. A major value driver is the opportunity to convert three 30'x10' storage units into (2) 2-bedroom ADUs, plans for which are already in progress with the City of Glendale. The projected monthly rent from the ADUs is $4,990. Property amenities include 21 side-by-side parking spaces and a modern coinless laundry facility. Please note, Glendale currently allows for annual rent increases of 8.8%, making this one of the most landlord-friendly submarkets in LA County. The property also includes assumable financing: $3,125,000 at 6.18% interest-only, fixed for the next three years. With updated units, expansion potential, and an unbeatable location just blocks from Glendale's premier amenities, 629 E Elk offers an ideal mix of stability, upside, and long-term growth.
MLS# 25527929

Courtesy Of Compass

(310) 230-5478

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Laminate, Tile, Wood

Map and Directions

Directions to 629 E Elk Ave, Glendale, CA 91205

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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