447 W Elk Ave
Glendale, CA 91204
Pacific-Edison
HIGHLIGHTS
- 16-unit apartment building with ±12,704 SF, built in 1964, in prime Glendale location.
- Offered below recent comparable averages, providing immediate value upside for investors.
- Diverse unit mix: (8) 1-bed/1-bath, (4) 2-bed/1.5-bath, (4) 2-bed/2-bath units.
- Convenient access to 5 and 134 Freeways, supporting strong commuter demand.
- Walking distance to Glendale Galleria and The Americana at Brand retail centers.
- Stabilized asset with current rents near market, offering immediate income and upside.
FOR SALE DETAILS
PRICE
$5,550,000 USD
PRICE/SF
$437 USD /SF
# OF UNITS
16
PRICE/UNIT
$346,875
CAP RATE
4.52%
% LEASED
90%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1964
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.27 AC
LAND SF
11,761 SF
ZONING
R4
APN/PARCEL ID
5696-003-026
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310-365-5054
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