Active
1160 Elm AVE
GLENDALE CA, 91201
$12,900,000
$474.88 per sqft
Active
5 Beds
27,165 sqft
Condo
Built in 1986
$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as "El Miradero" / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.
SR24017647MR
MLSⓇ ID
January 29, 2024
Listed
April 8, 2024
Updated
Map
1160 Elm AVE
GLENDALE CA, 91201
Interior Features
Total Stories
2
Bedrooms
5 Beds
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.6 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Glendale-Northwest
Days on Market
70
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Private
Pool
No
Pool Features
None
Zoning
GLR4*
Listing History
Date | Event | Price |
|---|---|---|
4/8/2024 | Price Change | $12,900,000 -7% |
Listed by Levon Alexanian with Keller Williams World Media Center
Listing Contact: 8182391206
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/8/2024
