CA > Glendale
Glendale, CA 91205,629 E Elk Ave
Glendale, CA 91205,629 E Elk Ave
Glendale, CA 91205,629 E Elk Ave
19
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$5,500,000
Est. payment /mo
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22 Beds
14 Baths
10,700 SqFt
New

629 E Elk Ave Glendale, CA 91205

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Gwendolyn Thomas

Gwendolyn Thomas

+1(702) 265-5005

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,700 sqft

Price per Sqft $514

MLS Listing ID 25527929

Bedrooms 22

Year Built 1987

Lot Size 0.311 Acres

Property Sub-Type Multi-Family

Property Description

Built in 1987 and exceptionally 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 cafs, 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.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Multi/Zone, Ceiling Fan

Flooring Wood Laminate, Tile

Fireplaces Type None

Equipment Built-Ins, Ceiling Fan, Dishwasher, Freezer, Range/Oven, Garbage Disposal

Laundry Community

Exterior

Parking Features Covered Parking

Garage Spaces 21.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Compass

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agent

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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629 E Elk Ave