1134 Elm Avenue

1134 Elm Avenue

Glendale, CA 91201

$8,250,000
Price
34
Beds
34
Baths
16,738 Sq. Ft.
$493 / Sq. Ft.
16,738
Sq. Ft.
$493
per Sq. Ft.
a front view of a house with a garden
a front view of a house with a yard and large trees
a front view of a house with garden
a car parked in front of a house with a yard
a living room with furniture and a window
a living room with furniture and a flat screen tv
a view of entryway with wooden floor
a kitchen with white cabinets and appliances
an aerial view of a houses with a yard
a large building with a clock tower in middle
an aerial view of residential houses with city view
an aerial view of residential building with green space
an aerial view of residential houses with outdoor space and trees
a front view of a house with garden

Description

We are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California, built in 1987. The offering provides investors with a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles along with an attractive assumable loan. Glendale is attractive to prospective owners and renters alike. As it's located in the City of Glendale, 1134 Elm Avenue is impacted by AB 1482, meaning Statewide rent control....We are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California, built in 1987. The offering provides investors with a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles along with an attractive assumable loan. Glendale is attractive to prospective owners and renters alike. As it's located in the City of Glendale, 1134 Elm Avenue is impacted by AB 1482, meaning Statewide rent control. Additionally, there is no ULA "Mansion Tax". 1134 Elm Avenue was built in 1987 and boasts sixteen spacious apartment homes. It features an attractive unit composition of two (2) Four-Bedroom | Three-Bathroom units, two (2) Two-Bedroom | Two and a Half-Bathroom Townhome units, ten (10) Two-Bedroom | Two-Bathroom units, and two (2) One-Bedroom | One-Bathroom units. What makes the building and units so attractive are the amenities, precisely: fourteen of the sixteen units feature in-unit washer dryers, central A/C, and at least one balcony. There is a whopping total of 22 balconies or sundecks. In all, 1134 Elm Avenue features 16,738 square feet of improvements on a collective 13,313 square feet of land, zoned GLR4. The property is separately metered for gas and electrical utilities. While all the units stand out in size and design, 1134 Elm Avenue boasts two Four-Bedroom Townhome Units and two 2 Bedroom Townhomes, ideal for families or those working for home. The Four Bedroom units showcase four separate balconies, high ceilings, ensuite bathrooms, and in-unit washer/dryers. The Two Bedroom Townhomes feature private sundecks, perfect for gatherings or taking in mountain and city views, high ceilings, ensuite bathrooms, and in-unit washer/dryers. The property has seen significant updates over the years, and an updated roof in 2019. Six units have received updated kitchens, along with new/modern lighting, flooring, and bathroom updates throughout the property. The property offers enhanced security and convenience for tenants. It's fully gated with automated, subterranean parking. Fourteen of the sixteen units have two parking spaces, and the 1-Bedroom units have one space -- 30 parking spaces in all. As you approach the property from the street, there's a secure, gated entry with an intercom, and an inviting courtyard welcomes you. Tenants benefit from enhanced security with security cameras throughout the property. The location is in the heavily sought-after Glendale sub-market. 1134 Elm Avenue borders the City of Burbank and is immediately adjacent to IKEA and Downtown Burbank. Residents are also located in the highly desirable Glendale Unified School District. The location is near many favorable shopping and dining destinations and boasts a Walk Score of 85, deemed "Very Walkable" by Walkscore.com. Elm Avenue is in close proximity to major studios and just a short drive from neighboring primary employers in Hollywood and Downtown Los Angeles.
  1. Listed by Nick Astrupgaard • DRE #01893466 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • KW Commercial Studio City

Property Details for 1134 Elm Avenue

Zoning
GLR4*
Parcel Number
5621035030
Total Units
16.0
Living Area
16738
Source Living Area
Vendor Enhanced
Area
Glendale-Northwest (626)
Vacancy Rate
12.5
Lot Size Area
13313

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215
Add your commute
LISTING UPDATED: 02/23/2024 09:45 AM

Property Details for 1134 Elm Avenue

StatusActive
MLS #23-319781
Days on Market199
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.31 AC / 13,313 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215
Add your commute

Building Information for 1134 Elm Avenue

Stories3Residences-Year Built1987Building Size-Lot Size0.31 AC / 13,313 SF

Payment Calculator

$50,390 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,024

Property Taxes

$5,366

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1134 Elm Avenue

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $489,745
  • Net Operating Income: $331,183.00
  • Gross Income: $499,740
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.50
  • Total Annual Expense: 158562
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3056
  • Lot Size Square Feet: 13313
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 30
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
  • Laundry: In Unit, Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-10-2023
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $8,400.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,037.00
  • Unit Actual Rent: $6,074.00
  • Unit Projected Rent: $6,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,567.00
  • Unit Actual Rent: $25,670.00
  • Unit Projected Rent: $29,390.00
  • Like Units: 10
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,890.00
  • Unit Actual Rent: $3,781.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,397,590.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $2,265,059.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $5,662,649.00

Property History for 1134 Elm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1134 Elm Avenue

Taxable ValueLand$2,310,360Additions$3,465,541Total$5,775,901
Tax Record2023$64,388 ($5,366 / month)
Home Facts
Total Finished SqFt16,738 SqFtAbove Grade Finished SqFt16,738 SqFtLot Size13,313 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningGLR4*CountyLOS ANGELESAPN5621-035-030

Schools near 1134 Elm Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Balboa Elementary School
Public - K to 6
Eleanor J. Toll Middle School
Public - 6 to 8
Herbert Hoover High School
Public - 9 to 12
Benjamin Franklin Elementary School
Public - K to 6
Rating
School
Distance
Balboa Elementary School
PublicK to 6

Eleanor J. Toll Middle School
Public6 to 8

Herbert Hoover High School
Public9 to 12

Benjamin Franklin Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Northwest Glendale

Neighborhoods

Cities

ZIPs

More information about 1134 Elm Avenue, Glendale, CA 91201

1134 Elm Avenue is a multi-family home for sale in Glendale, CA 91201. This property was listed for sale on October 10, 2023 by KW Commercial Studio City, it's currently listed at $8,250,000. It has been on the market for a total of 199 days and was last sold on October 16, 2014. This listing's school district is Glendale Unified School District. Nearby schools include Balboa Elementary School, Eleanor J. Toll Middle School and Herbert Hoover High School. 1134 Elm Avenue is a 34-bed, 34-bath, 16,738 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.