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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.
Property Type(s):
Residential Income
| Last Updated | 4/21/2025 | Year Built | 1987 |
|---|---|---|---|
| Community | Glendale-South of 134 Fwy | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Disposal |
|---|---|
| AREA | Glendale-South of 134 Fwy |
| GARAGE | Covered |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 0.31 acre(s) |
| PARKING | Covered |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| ZONING | GLR4* |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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