10-Unit Apartment
For Sale
$3,750,000
1052 Elm AVE, Glendale, CA 91201
Well-maintained two-story 10-unit apartment community built in 1963, with all 2-bed, 1-bath units and common laundry.
Property Size9,716 SF
Price / SF$385.96
Days on Market122
Property Features for 1052 Elm AVE
General Information
Standard status
Active
Size
9,716 SF
Total Parking Spaces
12
Property subtype
Apartment
Site & Location
Neighborhood
Grand Central
Utilities to Site
Yes
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Amenities
common laundry area
Building Details
Building Size
9,716 SF
Year Built
1963
Stories
2
Listing Agency:
Growth Investment Group Pasade
Listed By:
Justin McCardle · License #01895720
(310) 606-0192
Source:
Benbelack
Added: Jul 3
Changed: Oct 31
Last Checked: Oct 30 at 7:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group Pasade
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Investment Insights
Based on property information with market context.
Elm Apartments at 1052 Elm Ave, Glendale, CA 91201 is a well-maintained two-story, 10-unit apartment community built in 1963. The property offers an all (10) unit mix of 2 bed + 1 bath layouts. Each unit is separately metered for gas/electricity, and residents share a common laundry area.
Parking totals 12 spaces, including 9 marked spaces (8-tuck under and 1 open space) plus 3 unmarked spaces in the front and the back. The property has been under the same ownership since 2004, and the units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. During current ownership, some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in the living room, ceiling fans in bedrooms, and tiled bathroom.
Elm Apartments is situated on a quiet, residential street and is near Glendale Galleria and Americana at Brand.
Parking totals 12 spaces, including 9 marked spaces (8-tuck under and 1 open space) plus 3 unmarked spaces in the front and the back. The property has been under the same ownership since 2004, and the units are currently leased to mostly long-time tenants on a month-to-month agreement with below market rents. During current ownership, some units have been updated with laminate wood flooring, granite or quartz kitchen countertops, refreshed kitchen cabinets, recessed lighting, smooth ceilings, windows A/C in the living room, ceiling fans in bedrooms, and tiled bathroom.
Elm Apartments is situated on a quiet, residential street and is near Glendale Galleria and Americana at Brand.
Key Highlights
- Built in 1963; two‑story 10‑unit apartment community
- All (10) units are 2 bed + 1 bath with separately metered gas/electric
- 12 total parking spaces: 9 marked (8‑tuck under, 1 open) plus 3 unmarked
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,870
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,657,400
$3.7M
Cap Rate 7%
$2,612,429
$2.6M
Cap Rate 9%
$2,031,889
$2.0M
Market Conditions
NOI Build-Up for 9,716 SF
Gross rent
$355.6K $36.60/SF
− Vacancy
−$23.1K −$2.38/SF
EGI
$332.5K $34.22/SF
− OpEx
−$149.6K −$15.40/SF
NOI
$182.9K $18.82/SF
Area
Glendale, CA
Vacancy
6.50%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,657,400
Cap Rate 7%
$2,612,429
Cap Rate 9%
$2,031,889
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.29M – $3.05M
NOI $182,870 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.84M
$5.11M – $6.82M
NOI $409,041 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
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Business Placement
Demographics for 91201, CA
22,608
Population
8,570
Households
2.6
Avg Household Size
43
Median Age
34%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
9,420
Density / Sq Mi
$74,980
Median Household Income
$44,444
Median Earnings
$2,034
Median Rent
$1,060,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained two-story 10-unit apartment community built in 1963, with all 2-bed, 1-bath units and common laundry.
Where is this apartment building located?
The property is located at 1052 Elm AVE Glendale, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Built in 1963; two‑story 10‑unit apartment community; All (10) units are 2 bed + 1 bath with separately metered gas/electric; 12 total parking spaces: 9 marked (8‑tuck under, 1 open) plus 3 unmarked
