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    447 W Elk Ave Glendale, CA 91204

    For Sale
    $5,595,000

    Well-maintained Glendale apartments with rental upside potential.

    Lot size:
    0.29 Acres

    Property Features for 447 W Elk Ave

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1964

    Source: Warren Lee Berzack Agent Warren Berzack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Multifamily Reposition Opportunity

    The Elk Apartments, situated in Glendale, presents a reposition opportunity. Located in South Glendale, the property is in close proximity to The Galleria and The Americana at Brand. The property is well maintained and features an excellent unit mix. There is approximately 10% upside in rents.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2629614
    Latitude
    34.1418929

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained Glendale apartments with rental upside potential.
    Where is this apartment building located?
    The property is located at 447 W Elk Ave Glendale, CA.
    What is the asking price?
    The asking price for this property is $5,595,000.
    What are key features of this property?
    This property features: - Huge price reduction.; - Reposition opportunity with approximately 10% upside in rents.; - Well-maintained property.
    (818) 269-2979
    Request Owner's contact information
    447 W Elk Ave Glendale, CA 91204
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    Glendale, CA 91204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    447 W Elk Ave Glendale, CA 91204
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