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629 E Elk Ave
Glendale, CA 91205
Kenny Stevens with Compass, original listing - (310) 230-5478

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Property Details


List Price: $5,500,000
Beds: 22
Baths: --
Status: Active
SqFt: 10700 Square Feet
Agency: Compass
Agency Phone: (310) 230-5478

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Description/Comments


Lot Size: 0 sqft
Property Type: Residential Multi Family-Other
Year Built: 1987
Notes: 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.
MlsNumber: --
ListingId: 25527929


Listing Provided By: Compass, original listing
Phone: (310) 230-5478
Office Phone: (310) 230-5478
Agent Name: Kenny Stevens
Disclaimer: Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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Real Estate Expert Photo for Ken Sisson
Ken Sisson
ASCIIColdwell Banker Realty Studio City
Call Today!: (310) 308-8672

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