CA > Glendale
Glendale, CA 91205,629 E Elk AVE
Glendale, CA 91205,629 E Elk AVE
Glendale, CA 91205,629 E Elk AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,500,000
Est. payment /mo
22 Beds
14 Baths
10,700 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,700 sqft

Price per Sqft $514

MLS Listing ID 25527929

Bedrooms 22

HOA Y/N No

Year Built 1987

Lot Size 0.311 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4*

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal

Laundry Common Area

Exterior

Parking Features Covered

Community Features Gated

View Y/N No

View None

Total Parking Spaces 21

Building

Faces South

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5674025037

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass

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