Glendale, CA 91201 1052 Elm Avenue
$3,700,000
21 more
Presented By: Justin McCardle with Growth Investment Group Pasade; 310-606-0192
- MLS# AR25058754
- 03/17/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 20
Baths • 1
SQFT • 9,716
Garage • 8
Home Details
Presenting a solid investment opportunity, this two-story apartment complex features ten consistent 2-bedroom, 1-bathroom units. Located in a desirable residential area, the property offers a low-maintenance profile with recent upgrades, including new underground pipes and a newer roof. The 9,716 SF building, positioned on a 7,973 SF lot, provides ample living space. Tenants benefit from individual utility metering and a shared laundry facility. 12 parking spaces are provided. Select units showcase modern upgrades such as updated flooring, smooth ceilings, recessed lighting, granite countertops, and updated kitchen cabinets.
Presented By: Justin McCardle with Growth Investment Group Pasade; 310-606-0192
Interior Features for 1052 Elm Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level2
General for 1052 Elm Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.62
Carport Y/NNo
CityGlendale
Community FeaturesSuburban
CountyLos Angeles
DirectionsSouth of Glenoaks Blvd, north of San Fernando Rd
Electric Expense3600.0
Electric On Property Y/NNo
Entry Location2nd Level
Fuel Expense3000.0
Garage Spaces8.0
Garage Y/NYes
Gross Income252900.0
HOANo
Home Warranty Y/NNo
Insurance Expense4800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet7976.0
Lot Size UnitsSquareFeet
MLS Area626 - Glendale-Northwest
MobileHomeRemainsYNNo
Net Operating Income170969.0
New ConstructionNo
Number Of Units Total10
Open Parking Spaces4.0
Operating Expense76322.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot30
Trash Expense5148.0
Water Sewer Expense3600.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningGLR4YY
Exterior for 1052 Elm Avenue
Building Area Total9716.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1831
Lot Size Area7976.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate