629 E Elk Avenue, Glendale, CA 91205 - Berkshire Hathaway HomeServices California Properties
629 E Elk Avenue Glendale, CA 91205
$5,395,000 22 beds, 14 baths
10, 700 sqft

Agent Remarks

***$105,000 price reduction*** Built in 1987 and exceptionally well-maintained, 629 E Elk offers immediate curb appeal, solid in-place income, and future upside through already-initiated ADU conversion plans. Just minutes from The Americana at Brand, Glendale Galleria, and the Fashion Center, the property sits blocks from the cafs, restaurants, and office hubs that line Brand Boulevard. Its central location draws from a large pool of high-income renters employed at nearby law firms, financial institutions, entertainment companies, and major film studios. The building is comprised of (8) 2-bdrm. and (6) 1-bdrm. units, averaging approximately 750 SF. 10 of the 14 units have been renovated with wood-laminate flooring, quartz countertops, stainless steel appliances, upgraded tilework, and select units feature new mini-split A/C systems. A major value driver is the opportunity to convert three 30'x10' storage units into (2) 2-bedroom ADUs, plans for which are already in progress with the City of Glendale. The projected monthly rent from the ADUs is $4,990. Property amenities include 21 side-by-side parking spaces and a modern coinless laundry facility. Please note, Glendale currently allows for annual rent increases of 8.8%, making this one of the most landlord-friendly submarkets in LA County. The property also includes assumable financing: $3,125,000 at 6.18% interest-only, fixed for the next three years. With updated units, expansion potential, and an unbeatable location just blocks from Glendale's premier amenities, 629 E Elk offers an ideal mix of stability, upside, and long-term growth.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25527929
List price is $5,395,000 Reduced by $105,000 on 5/12/2025
Beds: 22
Baths: 14
None fireplaces
Built in 1987
10,700 sqft
2 stories
0.31 acres
Lot size: 0.3107
County: Los Angeles
Zoning: GLR4*
Interior features: Ceiling Fan(s)
Appliances: Dishwasher,Disposal
Parking description: Covered
Heating description: Wall Furnace
MLS area: 628 - Glendale-South of 134 Fwy

Last Updated: 5/12/2025

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This listing belongs to the 628 - Glendale-South of 134 Fwy MLS area

Lat/Long: 34.142030, -118.246968.
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Listing Agent: Kenny Stevens
Lic#: 01234982
Office Name: Mission Viejo

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