354 West Elk Avenue
354 West Elk Avenue
$1,919,000
1
6
3,081
3,081
$623
Closed 6/5/23
Description
$100,000 price reduction... We are pleased to introduce a rare opportunity to acquire a TRUE walk to Americana & Galleria investment opportunity. Elk Americana is comprised of 6 units which are all renovated. Situated just 1 block from both, this 6 unit offering awards tenants the utmost walkability with a Walk Score of 91! The current ownership has done an astute job of renovating units to modern amenity finishes which complements the craftsman styled feel of the property. Due to the property’s...$100,000 price reduction... We are pleased to introduce a rare opportunity to acquire a TRUE walk to Americana & Galleria investment opportunity. Elk Americana is comprised of 6 units which are all renovated. Situated just 1 block from both, this 6 unit offering awards tenants the utmost walkability with a Walk Score of 91! The current ownership has done an astute job of renovating units to modern amenity finishes which complements the craftsman styled feel of the property. Due to the property’s unique aesthetic and proximity to downtown Glendale, vacancy is either non-existent or quickly absorbed. New ownership can continue to run this ease of management asset while capturing loss to lease with minimal effort. Rear building was repipied in 2019. Offered at a very attractive in-place CAP rate of 4.35% and 15.7 GRM, that asset at market rents will provide 5.02% CAP and 14.1 GRM, hard to find metrics in the Gem City. Contact listing agent for offering memorandum
- Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center
Property Details for 354 West Elk Avenue
Parking Spaces Total
2
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3081
Assessor Parcel Number5696-005-015
Property Attached YNtrue
Location
LISTING UPDATED: 06/07/2023 04:18 AM
Property Details for 354 West Elk Avenue
Status | Closed |
---|---|
MLS # | SR22241201 |
Days on Market | 135 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1946 |
County | Los Angeles County |
Location
Building Information for 354 West Elk Avenue
Building/Complex354 W Elk AveFloor-Stories2Residences-Pet Policy-Year Built1946Building Size-
Payment Calculator
$11,975 per month
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Property Information for 354 West Elk Avenue
Property History for 354 West Elk 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 354 West Elk Avenue
Taxable ValueLand$637,181Additions$959,374Total$1,596,555
Tax Record2023$18,023 ($1,502 / month)
Home Facts
Total Finished SqFt3,081 SqFtAbove Grade Finished SqFt3,081 SqFtLot Size6,344 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningGLR4YYCountyLOS ANGELESAPN5696-005-015
Schools near 354 West Elk 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 - | 7 to 10 |
Rating | School | Distance |
---|---|---|
Cerritos Elementary School PublicK to 6 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Herbert Hoover High School Public9 to 12 | ||
Jewel City Community Day School Public7 to 10 |
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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