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629 E Elk Avenue, Glendale, CA 91205

Glendale
Local realty services provided by:CENTURY 21 Synergia Realty
629 E Elk Avenue,Glendale, CA 91205
$4,995,000
  • 22 Beds
  • 14 Baths
  • 10,700 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap
MLS#:26655543
Source:CRMLS

Price summary

  • Price:$4,995,000
  • Price per sq. ft.:$466.82

About this home

This stabilized asset features in-place rents approximately 10% below market, with Glendale's Rental Ordinance (aligned with statewide AB 1482 provisions) allowing annual increases of 5% + CPI. This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Additional income streams include monthly laundry income and storage income from three larger on-site storage units. Built in 1986, the asset totals 10,700 square feet and includes six 1-bed/1-bath units, six 2-bed/1-bath units, and two larger 2-bed/1-bath units. Ten of the fourteen units have been upgraded with laminate flooring, modern appliances, quartz countertops, and in several cases split-system A/C. For investors looking to maximize cash flow, the property will be delivered with approved plans to convert the three storage units into two brand new 2-bedroom/1-bathroom ADUs, enabling the new owner to add nearly $60,000 in annual rental revenue. Additional features include gated and...

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Home facts

  • Year built:1986
  • Listing ID #:26655543
  • Added:340 day(s) ago
  • Updated:March 28, 2026 at 10:34 AM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:14
  • Living area:10,700 sq. ft.

Structure and exterior

  • Year built:1986
  • Building area:10,700 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$4,995,000
  • Price per sq. ft.:$466.82

Parking

  • Total parking spaces:21
  • Parking description:Assigned
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