629 E Elk Avenue, Glendale, CA 91205

Glendale
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
629 E Elk Avenue,Glendale, CA 91205
$4,995,000
  • 22 Beds
  • 14 Baths
  • 10,700 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap
MLS#:26655543
Source:CRMLS

Price summary

  • Price:$4,995,000
  • Price per sq. ft.:$466.82

About this home

This stabilized asset features in-place rents approximately 10% below market, with Glendale's Rental Ordinance (aligned with statewide AB 1482 provisions) allowing annual increases of 5% + CPI. This positions an investor to capture the remaining upside relatively quickly through standard adjustments. Additional income streams include monthly laundry income and storage income from three larger on-site storage units. Built in 1986, the asset totals 10,700 square feet and includes six 1-bed/1-bath units, six 2-bed/1-bath units, and two larger 2-bed/1-bath units. Ten of the fourteen units have been upgraded with laminate flooring, modern appliances, quartz countertops, and in several cases split-system A/C. For investors looking to maximize cash flow, the property will be delivered with approved plans to convert the three storage units into two brand new 2-bedroom/1-bathroom ADUs, enabling the new owner to add nearly $60,000 in annual rental revenue. Additional features include gated and...

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Home facts

  • Year built:1986
  • Listing ID #:26655543
  • Added:332 day(s) ago
  • Updated:March 20, 2026 at 01:36 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:14
  • Living area:10,700 sq. ft.

Structure and exterior

  • Year built:1986
  • Building area:10,700 sq. ft.
  • Lot area:0.31 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$4,995,000
  • Price per sq. ft.:$466.82

Parking

  • Total parking spaces:21
  • Parking description:Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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