USACAGlendale629 E Elk Ave
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New
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$4,995,000

2 days ago

629 E Elk Ave, Glendale, CA

22 Bed

14 Bath

10700 sqft

21 Parking

MLS® 26655543

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 10700 sqft
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1986
Avg. Price Per Sqft $466
MLS® Number 26655543

Property Address: 629 E Elk Ave, Glendale, CA, 91205

Average square foot calculated using Size range provided by listing agent.

Description

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 controlled access, separate gas and electric meters per unit, on-site laundry room, and gated parking. The 13, 531-square-foot lot is zoned R2250, rendering the current 14-unit configuration irreplaceable under existing zoning this truly represents the highest and best use. Positioned just east of S. Glendale Avenue and one block south of E. Colorado Street, the property is less than a mile from both The Americana at Brand and the Glendale Galleria. It offers excellent proximity to major thoroughfares and sits in one of Glendale's most sought-after neighborhoods, prized for its walkability, local retail, and access to business and amenities.
MLS® Number26655543
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1986
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$4,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
629 E Elk Ave, Glendale, CA

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