629 E Elk Avenue, Glendale, CA 91205

Glendale
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
629 E Elk Avenue,Glendale, CA 91205
$4,825,000
  • 22 Beds
  • 14 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: roderick 'rick' raymundo, sevak keshishian
Office: marcus & millichap818-212-2700
MLS#:26655543
Source:CRMLS

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Price summary

  • Price:$4,825,000

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:381 day(s) ago
  • Updated:May 09, 2026 at 06:38 AM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:14

Structure and exterior

  • Year built:1986

Finances and disclosures

  • Price:$4,825,000

Parking

  • Total parking spaces:21
  • Parking description:Assigned
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