629 E Elk Avenue, Glendale, CA 91205
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
629 E Elk Avenue,Glendale, CA 91205
$5,200,000
- 22 Beds
- 14 Baths
- 10,700 sq. ft.
- Multi-family
- Active
Listed by:kenny stevens
Office:compass
MLS#:25527929
Source:CRMLS
Price summary
- Price:$5,200,000
- Price per sq. ft.:$485.98
About this home
Built in 1986 and 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 cafes, 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.
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Home facts
- Year built:1986
- Listing ID #:25527929
- Added:158 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:22
- Total bathrooms:14
- Living area:10,700 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1986
- Building area:10,700 sq. ft.
- Lot area:0.31 Acres
Finances and disclosures
- Price:$5,200,000
- Price per sq. ft.:$485.98
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