608 East Elk Avenue

Glendale, CA 91205

$1,500,000
Price
10
Beds
4
Baths
4,456 Sq. Ft.
$337 / Sq. Ft.
4,456
Sq. Ft.
$337
per Sq. Ft.

Description

Welcome to 608 E Elk Avenue, a promising 4-unit income opportunity nestled in the heart of Glendale, California. Boasting a prime location near the bustling shopping center, this property offers convenience and potential for savvy investors looking to capitalize on the thriving local market. Each of the four units presents a canvas for renovation and improvement, making this property an ideal prospect for those with a vision for transformation. Whether you're an experienced developer seeking a new...Welcome to 608 E Elk Avenue, a promising 4-unit income opportunity nestled in the heart of Glendale, California. Boasting a prime location near the bustling shopping center, this property offers convenience and potential for savvy investors looking to capitalize on the thriving local market. Each of the four units presents a canvas for renovation and improvement, making this property an ideal prospect for those with a vision for transformation. Whether you're an experienced developer seeking a new project or an investor looking to enhance rental income, this property holds immense promise. Situated in a desirable neighborhood, residents will appreciate the proximity to amenities such as shops, restaurants, entertainment venues, and public transportation. With its convenient location, tenants will enjoy easy access to all that Glendale has to offer, fostering strong rental demand. While this property requires work and renovation to unlock its full potential, the investment opportunity it presents is undeniable. With the right upgrades and enhancements, these units have the potential to attract high-quality tenants and generate significant rental income. Don't miss out on the chance to transform this property into a lucrative investment. Seize the opportunity to revitalize 608 E Elk Avenue and capitalize on its excellent location and income potential. Schedule a viewing today and envision the possibilities that await in this prime Glendale property.
  1. Listed by Nicole Stinson • DRE #01854096 • Brokerage DRE #01525938 • Estate Realty Group, Inc. • 661-816-4234
  2. Listed by Stephen Portaro • DRE #02053107 • Brokerage DRE #01525938 • Estate Realty Group, Inc.

Property Details for 608 East Elk Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4456
Assessor Parcel Number
5674-027-010

Location

Listing Courtesy of Estate Realty Group, Inc., Nicole Stinson, DRE #01854096; Estate Realty Group, Inc., Stephen Portaro, DRE #02053107
Add your commute
LISTING UPDATED: 05/30/2024 06:01 AM

Property Details for 608 East Elk Avenue

StatusPending
MLS #SR24091021
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.16 AC / 6,984 SF
CountyLos Angeles County

Location

Listing Courtesy of Estate Realty Group, Inc., Nicole Stinson, DRE #01854096; Estate Realty Group, Inc., Stephen Portaro, DRE #02053107
Add your commute

Building Information for 608 East Elk Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.16 AC / 6,984 SF

Payment Calculator

$8,531 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$345

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 608 East Elk Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $194,739
  • Gross Scheduled Income: $213,600
  • Net Operating Income: $194,739
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
Expense Details
  • Operating Expense: $18,861
  • Gardener Expense: $720
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $2,067
  • Insurance Expense: $14,000
  • Maintenance Expense: $1,093
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $700
  • Water Sewer Expense: $1,000
  • Supplies Expense: $0
  • Total Expenses: $18,861
Tax / Assessment Info
  • Tax Tract Number: 1164
  • Tax Census Tract: 3022.02
  • CFD/Mello-Roos Fee: $488
  • Tax Lot: 60
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 84000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $450
  • Unit Type Total Rent: $450
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $500
  • Unit Type Total Rent: $500
  • Unit Type Pro Forma: 24000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Range: 4

Property History for 608 East Elk 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 608 East Elk Avenue

Taxable ValueLand$161,598Additions$182,517Total$344,115
Tax Record2023$4,134 ($345 / month)
Home Facts
Total Finished SqFt4,456 SqFtAbove Grade Finished SqFt4,456 SqFtLot Size6,982 SqFtStyleQuadraplexYear Built1926ZoningGLR4YYCountyLOS ANGELESAPN5674-027-010

Schools near 608 East Elk Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Horace Mann Elementary School
PublicK to 5

Theodore Roosevelt Middle School
Public6 to 8

Glendale High School
Public9 to 12

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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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 Estate Realty Group, Inc., Nicole Stinson, DRE #01854096; Estate Realty Group, Inc., Stephen Portaro, DRE #02053107

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.