We are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California, built in 1987. The offering provides investors with a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles along with an attractive assumable loan. Glendale is attractive to prospective owners and renters alike. As it's located in the City of Glendale, 1134 Elm Avenue is impacted byAB 1482,meaning Statewide rent control. Additionally, there is no ULA Mansion Tax. 1134 Elm Avenue was built in 1987 and boasts sixteen spacious apartment homes. It features an attractive unit composition of two (2) Four-Bedroom | Three-Bathroom units, two (2) Two-Bedroom | Two and a Half-Bathroom Townhome…
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The average household income in
Glendale, CA
grew
from
$56,069
to
$58,657
in the past year. This data is an estimate based upon
72,738
households in
Glendale, CA. The chart below presents how household income is distributed in
Glendale, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Glendale, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Glendale, CA
equals
$3k+
, which is
more
than the national average.