FOR SALE0.6 ACRES
Listed by Levon Alexanian, Keller Williams World Media Center, (818) 239-3500
1160 Elm Ave
Glendale, CA 91201
Grandview
54 Beds
50 Baths
27,165 sqft (on 0.60 acres)
- 54 Beds
- 50 Baths
- 27,165 sqft (on 0.60 acres)
54 Beds
50 Baths
27,165 sqft
(on 0.60 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. 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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$475
Listed
90 days ago
Home Details for 1160 Elm Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 54Number of Bathrooms: 50 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: . |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 90 |
Property Information |
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Year Built Year Built: 1986 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5621034029 |
Price & Status |
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Price List Price: $12,900,000Price Per Sqft: $475 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Glendale |
Agent Information |
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Listing Agent Listing ID: SR24017647 |
Building |
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Building Area Building Area: 27165 Square Feet |
Community |
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Community Features: Biking, Curbs, HikingNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 0.60 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 1Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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No Rent Control |
Miscellaneous |
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Mls Number: SR24017647Attribution Contact: info@alexanianadvisors.com |
Additional Information |
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BikingCurbsHiking |
Last check for updates: about 15 hours ago
Listing Provided by: Levon Alexanian DRE #00911091
Keller Williams World Media Center
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR24017647
Price History for 1160 Elm Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/08/2024 | $12,900,000 | PriceChange | CRMLS #SR24017647 |
| 01/29/2024 | $13,800,000 | Listed For Sale | CRMLS #SR24017647 |
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Comparable Sales for 1160 Elm Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.49 | Multi-Family Home | $12,225,000 | 06/21/23 | 41 | 43 | 26,100 | |
0.10 | Multi-Family Home | $6,100,000 | 08/22/23 | 32 | 32 | 14,706 | |
0.49 | Multi-Family Home | $7,050,000 | 06/21/23 | 16 | 24 | 13,950 | |
0.99 | Multi-Family Home | $8,450,000 | 03/05/24 | 35 | 36 | 19,910 | |
0.50 | Multi-Family Home | $5,175,000 | 06/21/23 | 25 | 21 | 12,150 | |
0.30 | Multi-Family Home | $3,000,000 | 06/23/23 | 10 | 8 | 5,722 | |
0.09 | Multi-Family Home | $2,100,000 | 07/21/23 | 9 | 5 | 4,000 | |
1.18 | Multi-Family Home | $4,800,000 | 11/08/23 | 25 | 25 | 12,790 | |
0.31 | Multi-Family Home | $1,405,000 | 07/21/23 | 5 | 4 | 2,470 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Grandview
- Trulia User
- Resident
- 2y ago
"It’s a great place to live especially if you have a family or are looking for a more low key living close to the city"
- Gabriela P.
- Resident
- 4y ago
"I love how clean this area is. Definitely not as busy compared to koreatown and super close to all the shops i may need."
- Eldrian
- Resident
- 4y ago
"It’s a great place to live and I defiantly Reccomend living here because I’ve been here my whole life and nothing bad has came from it"
- Jasmine J.
- Resident
- 4y ago
"Shorter walks, too many people walking in the streets. Have to pick after your dog. Dogs have to be on leashes. "
- Mkaiping
- Resident
- 5y ago
"I have lived here for 25 years. I have always felt very safe. The neighbors are friendly and keep an eye out for each other. "
- Lucas M.
- Resident
- 5y ago
"There are a lot of families, and it’s a community oriented neighborhood. It is a bit tightly packed; lots of apartment buildings in a relatively small span, but there are convenient grocery stores, 2 coffee shops, and places to eat—both fast food and sit-down restaurants."
- Trulia User
- Resident
- 5y ago
"You see people walking their dogs all the time in this neighborhood; it’s a great place to live. A Starbucks too!"
- An N.
- Resident
- 5y ago
"I love my neighborhood! It’s in the heart of Glendale and family oriented ... close to everything parks, markets, hospitals ! "
- Hoover
- 9y ago
"I love this area. It is so convenient. There are parks, restaurants and good schools. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Levon Alexanian, Keller Williams World Media Center
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.