$4,950,000
-$845,000337 W Elk, Glendale CA 91204
Multi-Family (24 Units)
Property type
84 days
On market
$381
Price per sqft
0 cars
Garage
1929
Year built
6,267 sqft
Lot size
Home highlights
Open Houses
Overview
24 - Unit Apartment Complex located in the heart of Glendale, and within walking distance to the Americana and Glendale Galleria. This property features 6 - 1 Bedroom, 1 Bathroom, 6 - Bachelor, 1 Bathroom, and 12 - Studio, 1 Bathrooms. Sub panels and Main panels have all been upgraded in 2024. Convenient access to 5 and 134 Freeways. Property is clean and well maintained.
Listing provided by: Ryan Planegger DRE #01964712, Ryan Planegger
Listing updated: May 29, 2026 at 12:25am.
Last checked: Jun 2, 2026 at 10:00am
Source: CRMLS #BB26053982
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 1 | 1 | — | $1,742 | $10,450 | $1,800 | Unfurnished |
| 6 | 0 | 1 | — | $1,315 | $7,890 | $1,500 | Unfurnished |
| 12 | 0 | 1 | — | $1,540 | $18,475 | $1,675 | Unfurnished |
# of Buildings: 1
# of Units Total: 24
Separate Electric Meters: 25
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 24
Total Actual Rent: $36,816
Financial Snapshot
Gross Rent Multiplier
11.2x
List Price / Annual Gross Rent
Cap Rate
5.14%
NOI / List Price
Gross Scheduled Income: $441,786
Vacancy Allowance Rate: 2%
Operating Expense: $142,468
Net Operating Income: $297,834
Annual Operating Expenses
Electric: $12,928
Gardener: $1,440
Fuel: $0
Insurance: $12,528
Maintenance: $25,000
New Taxes: $62,425
Pest Control: $750
Professional Management: $20,028
Trash: $2,969
Water / Sewer: $0
Other Expense: $4,400
Interior
Interior Features: Brick Walls, Multiple Staircases
Cooling: Gas, Wall Window Units
Heating: Wall Furnace
Appliances: Dryer, Washer
Fireplace: Bath, Electric, Gas, Kitchen, Living Room, Masonry, Primary Bedroom
Laundry: Common Area, Washer Hookup, Dryer Included, Washer Included
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 3
Levels: Three Or More
Common Walls: No Common Walls
Lot Features: Twenty One To Twenty Five Units Acre, Near Public Transit
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
View: None
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5696004025
Additional Parcels: No
Tax Lot: 27
Tax Block: C
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Foothills, Park, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 337 W Elk, Glendale, CA 91204. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,960,000
Total Interest
$5,050,762
Total Payment
$9,010,762
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,336
per month
Property History for 337 W Elk
Glendale Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91204.
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