16 Units - IN ESCROW - 1134 Elm Avenue, Glendale, CA
16,738 ft²Multifamily$8,250,000Sale
IN ESCROW - KW Commercial, as the exclusive listing agents, are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California. Built in 1987, the offering provides investors a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles. Glendale is an attractive investment location since it is not subject to City of LA rent control OR the ULA Mansion Tax. 1134 Elm Avenue was built in 1987 and boasts sixteen spacious apartment homes. It features an attractive unit composition of two (2) Four-Bedroom |Three-Bathroom units, two (2) Two-Bedroom | Two and a Half-Bathroom Townhome units, ten (10) Two-Bedroom | Two-Bathroom units, and two (2) One-Bedroom | One-Bathroom units. What makes the building and units so attractive are the amenities, precisely: fourteen of the sixteen units feature in-unit washer dryers, central A/C, and at least one balcony (22 balconies or sundecks in total) .
IN ESCROW - 16 Units in Glendale Built in 1987 | Assumable Financing Huge-Spacious Units | Parking for 30 Vehicles Central HVAC | 6 Units with Updated Kitchens In-Unit Washer-Dryers in 14 of 16 Units | 22 Sundecks or Balconies, High-Ceilings in Second Floor Units, Newer Roofs on Balconies & Patios * NO LA CITY Rent Control * * AB 1482 State Rent-Controlled Only * * No ULA "Mansion-Tax *