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Property view

354 W Elk Avenue, 
Glendale, CA 91204

$1,919,000

—

Bed

—

Bath

3,081

Sq Ft

Multi-Family

Sold

Listed by

Levon Alexanian

Bought with JohnHart Real Estate

Keller Williams World Media Center

818-239-3500

MLS#

SR22241201

Source:

CRMLS

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About This Home

354 W Elk Avenue

$100,000 price reduction... We are pleased to introduce a rare opportunity to acquire a TRUE walk to Americana & Galleria investment opportunity. Elk Americana is comprised of 6 units which are all renovated. Situated just 1 block from both, this 6 unit offering awards tenants the utmost walkability with a Walk Score of 91! The current ownership has done an astute job of renovating units to modern amenity finishes which complements the craftsman styled feel of the property. Due to the property’s unique aesthetic and proximity to downtown Glendale, vacancy is either non-existent or quickly absorbed. New ownership can continue to run this ease of management asset while capturing loss to lease with minimal effort. Rear building was repipied in 2019. Offered at a very attractive in-place CAP rate of 4.35% and 15.7 GRM, that asset at market rents will provide 5.02% CAP and 14.1 GRM, hard to find metrics in the Gem City. ** Contact listing agent for offering memorandum **

Home Facts

Multi-Family

Built in 1946

Price Summary

2,150,000

$697 per Sq. Ft.

MLS #:

SR22241201

Sold:

June 5, 2023

Rooms & Interior

Interior

Living Area:

3,081 Sq. Ft.

Structure

Structure

Year Built:

1946

Lot

Lot Size (Sq. Ft):

6,342

Finances & Disclosures

Finances

Price:

$2,150,000

Price per Sq. Ft:

$697 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of May 19, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.