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$7,450,000
$7,450,000
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1060 Elm AVE Glendale, CA 91201
0.36 Acres Lot
Key Details
Sold Price $7,450,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21147178
Sold Date 12/10/21
HOA Y/N No
Year Built 1977
Lot Size 0.357 Acres
Property Description
1060 Elm Avenue, a value-add 21-unit apartment located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The property has been in the same ownership since 2003 and most of the tenants are long-time tenants that are on month-to-month lease. This provides significant upside potential to add value by increasing rent and return.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Covered
Garage Spaces 31.0
Garage Description 31.0
Pool None
Community Features Suburban
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Parking Type Covered
Total Parking Spaces 31
Private Pool No
Building
Lot Description Level, Near Public Transit, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5624006024
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Handoko Chen • GIG Real Estate Inc.