629 E Elk Avenue, Glendale, CA 91205

• 10,700 sqft

Property Description

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. With updated units, expansion pot

Listing Status:

Active

Date Added:

April 21, 2025 at 05:00AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Kenny Stevens : 310-968-7005

MLS ID:

CL25527929

Interior

• Laundry: Common Area
• Flooring: Tile
• Heating: Wall Furnace

Exterior

• Parking: Covered

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: GLR45674025037
• View: None

Financial

• Source: CRMLS

This listing courtesy of Kenny Stevens, Compass