1052 ELM AVE Glendale CA 91201-1625

We are is proud to offer ELM APARTMENTS 1052 Elm Ave, a very well maintained 10-unit apartment investment located in the highly desirable City of Glendale, CA.​ This prime Value-Add opportunity is perfect for an experienced investor looking to acquire a superbly located apartment property and maximize its income potential.​ This property has been under the same ownership since 2004.​ The units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents.​ The property is two-story apartment community that was built in 1963.​ It is situated on a quiet, residential street surrounded by other condominium and townhome communities.​ It offers a superb unit mix of ALL (10) 2 bed + 1 bath units with a total of 12 parking spaces.​ Parking is provided by 9 marked parking spaces (8-tuck under and 1 open space) and 3 unmarked spaces in the front and the back.​ Each spacious unit is separately metered for gas/ electricity and the property has a common laundry area for tenants.​ The property has been well maintained throughout current ownership and some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in living room, ceiling fans in bedrooms and tiled bathroom.​ This asset will be a great addition to any size real estate portfolio! The property is strategically situated near luxurious amenities, dining, and upscale shopping at the Glendale Galleria and Americana at Brand, and just a few miles northeast of Hollywood, known as the Media Ca

Presenting a solid investment opportunity, this two-story apartment complex features ten consistent 2-bedroom, 1-bathroom units. Located in a desirable residential area, the property offers a low-maintenance profile with recent upgrades, including new underground pipes and a newer roof. The 9,716 SF building, positioned on a 7,973 SF lot, provides ample living space. Tenants benefit from individual utility metering and a shared laundry facility. 12 parking spaces are provided. Select units showcase modern upgrades such as updated flooring, smooth ceilings, recessed lighting, granite countertops, and updated kitchen cabinets.