1160 Elm Avenue, Property Listing: MLS® #SR24017647

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.

1160 Elm Avenue, Property Listing: MLS® #SR24017647 Close
Page Summary
NEW
  • MLS® #: SR24017647
  • 1160 Elm Avenue
  • , CA 91201
  • $13,800,000
  • 0.60 Acres
  • Office: Keller Williams World Media Center

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.

Supplemental Remarks

Essential Information

  • MLS® #SR24017647
  • Listing Price$13,800,000
  • Original Listing Price$13,800,000
  • Date ListedJanuary 29th, 2024
  • Bathrooms0.00
  • Acres0.60
  • Lot Sq.Ft.26,333
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$243

Community Information

  • Address1160 Elm Avenue
  • AreaGLENDALE (91201)
  • CountyLos Angeles
  • StateCA
  • Zip Code91201

Amenities

  • PoolN/K

Interior

  • # of Stories2

Exterior

  • Lot DescriptionCurbs
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Listing information last updated on March 1st, 2024 at 12:25pm PST.