We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as El Miradero / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water…
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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.