1160 Elm Avenue
1160 Elm Avenue
$12,900,000
5
50
27,165
27,165
$475
Description
$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...$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.
- Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center • info@alexanianadvisors.com
Property Details for 1160 Elm Avenue
Parking Spaces Total
0
Private PoolNo
Total Units34.0
Building TypeAttached
Lot Size SourceAssessor
Living Area27165
Assessor Parcel Number5621-034-029
Property Attached YNtrue
Location
LISTING UPDATED: 04/08/2024 03:44 AM
Property Details for 1160 Elm Avenue
Status | Active |
---|---|
MLS # | SR24017647 |
Days on Market | 89 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
County | Los Angeles County |
Location
Building Information for 1160 Elm Avenue
Building/Complex1160 Elm AveFloor-Stories2Residences-Pet Policy-Year Built1986Building Size-
Payment Calculator
$76,637 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1160 Elm Avenue
Property History for 1160 Elm Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1160 Elm Avenue
Taxable ValueLand$2,739,530Additions$3,904,691Total$6,644,221
Tax Record2023$74,828 ($6,236 / month)
Home Facts
Total Finished SqFt27,165 SqFtAbove Grade Finished SqFt27,165 SqFtLot Size26,325 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningGLR4*CountyLOS ANGELESAPN5621-034-029
Schools near 1160 Elm Avenue
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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.
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