10
See all 10 photos
$12,500,000
Est. payment /mo
54 Beds
50 Baths
27,165 SqFt
Active Under Contract
1160 Elm AVE Glendale, CA 91201
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Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 27,165 sqft
Price per Sqft $460
MLS Listing ID 25533699
Bedrooms 54
HOA Y/N No
Year Built 1986
Lot Size 0.604 Acres
Property Description
We are pleased to present 1160 Elm Avenue, a thirty-four-unit multifamily investment opportunity located in the Grandview neighborhood of Glendale. 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.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Disposal
Laundry Laundry Room
Exterior
Parking Features Covered
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5621034029
Special Listing Condition Standard
Listed by Marcus & Millichap
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