1160 Elm Ave Glendale, CA 91201
Grandview NeighborhoodEstimated payment $81,668/month
Highlights
- 0.6 Acre Lot
- Herbert Hoover High School Rated A-
- Laundry Room
About This Home
We are pleased to present 1160 Elm Avenue, a thirty-four-unit multifamily investment opportunity located in the Grandview neighborhood of Glendale. This value-add opportunity will be delivered with seven vacant units that will allow the next investor to captured significant rental upside through the implementation of an interior and exterior renovation program. Constructed in 1986, the asset comprises sixteen two-bedroom/one-and-half-bathroom units, four two-bedroom/one-bathroom units, and fourteen one-bedroom/one-bathroom units spread across four structures. All units have separate meters for gas and electricity, individual water heaters, and 60 AMPs of power. The property has gated entry, an on-site laundry room with two washers and two dryers, 56 parking spaces, and a vacant recreation room that is used as storage but can potentially be converted into an ADU. The property sits on a 26,325 square foot lot and is zoned R2250, making the existing thirty-four units irreplaceable with the current zoning. Situated just north of Glenoaks Blvd and east of Alameda Ave, 1160 Elm is within 2 miles of Burbank's Media City Center and less than 1 mile from IKEA. Glenoaks Blvd is a major thoroughfare that runs through Glendale, Burbank, Sun Valley, and into northeast San Fernando Valley. Tenants can benefit from a variety of retail and places of business along this corridor. Commuters are within five minutes from the nearest on-ramp to the I-5 Freeway, offering ease of access to the 134 Freeway, Burbank, Los Feliz, Atwater and Downtown Los Angeles.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.6 Acre Lot
Parking
- Covered Parking
Interior Spaces
- 27,165 Sq Ft Home
- 2-Story Property
- Laundry Room
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 54 Bedrooms
- 50 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 5621-034-029
Community Details
Overview
- 4 Buildings
- 34 Units
Building Details
- Vacancy Allowance $28,654
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/02/2025 05/02/25 | For Sale | $12,500,000 | -- | $460 / Sq Ft |
Source: The MLS
MLS Number: 25533699

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