1052 Elm Avenue
Glendale — 10 units / 9,716 sf building
Listing Agent: Justin McCardle, Growth Investment Group Pasade
Units
9
Building Size
8,086 sf
Lot Size
9,741 sf
Status
Active
Listing Agent: David Nalbandyan, LA Premier Realty
Glendale
About This Property
The Wilson West Apartment presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Downtown Glendale, just steps from The Americana at Brand, Glendale Galleria, and premier dining and retail amenities. Offered at a 12.98 GRM and 5.89% cap rate, this asset combines prime location, strong income, and low-maintenance ownership in a premier Glendale location. The property features a highly desirable unit mix of three spacious 2-bedroom/2-bath units and six large 1-bedroom/1-bath units, with each unit averaging approximately 900 square feet, offering tenants generous layouts rarely found in comparable properties. Most units have been recently upgraded, providing strong in-place income with additional long-term upside potential. The building has been thoughtfully maintained and improved, including a newer roof, all copper plumbing, and a new main sewer line, minimizing deferred maintenance and future capital expenditures. With a current gross monthly income of $23,430, the property offers investors stable cash flow, operational efficiency, and long-term appreciation potential in one of Los Angeles County’s strongest rental submarkets.
Unit Mix
Neighborhood
This property is located in Glendale. Want to learn more about the area?
Explore CommunitiesAsking Price
$3,650,000
An agent at The Ave. will respond, not the listing agent.
Listing Agent
David Nalbandyan
LA Premier Realty