Glendale, CA 91201,1160 Elm Ave
Glendale, CA 91201,1160 Elm Ave
Glendale, CA 91201,1160 Elm Ave
10
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$12,500,000
Est. payment /mo
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54 Beds
50 Baths
27,165 SqFt
Active Under Contract

1160 Elm Ave Glendale, CA 91201

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 27,165 sqft

Price per Sqft $460

MLS Listing ID 25533699

Bedrooms 54

Year Built 1986

Lot Size 0.605 Acres

Acres 0.6045

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1160 Elm Avenue, a thirty-four-unit multifamily investment opportunity located in the Grandview neighborhood of Glendale. Constructed in 1986, the asset comprises sixteen two-bedroom/one-and-half-bathroom units, four two-bedroom/one-bathroom units, and fourteen one-bedroom/one-bathroom units spread across four structures. All units have separate meters for gas and electricity, individual water heaters, and 60 AMPs of power. The property has gated entry, an on-site laundry room with two washers and two dryers, 56 parking spaces, and a vacant recreation room that is used as storage but can potentially be converted into an ADU. The property sits on a 26,325 square foot lot and is zoned R2250, making the existing thirty-four units irreplaceable with the current zoning. Situated just north of Glenoaks Blvd and east of Alameda Ave, 1160 Elm is within 2 miles of Burbank's Media City Center and less than 1 mile from IKEA. Glenoaks Blvd is a major thoroughfare that runs through Glendale, Burbank, Sun Valley, and into northeast San Fernando Valley. Tenants can benefit from a variety of retail and places of business along this corridor. Commuters are within five minutes from the nearest on-ramp to the I-5 Freeway, offering ease of access to the 134 Freeway, Burbank, Los Feliz, Atwater and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area Glendale-Northwest

Zoning GLR4*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Garbage Disposal, Range/Oven

Laundry Room

Exterior

Parking Features Covered Parking

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

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1160 Elm Ave