$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. 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 heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.
Property Details
Property Features
Property Information:
Year Built: 1986
Stories: 2
Listing Office:
Office Name: Keller Williams World Media Center
Office Email: info@alexanianadvisors.com
Listing Agent: Levon Alexanian
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.60 Acres
School Info
Assigned Schools Information:
Herbert Hoover High School, Public District Grades 9-12
Eleanor J. Toll Middle School, Public District Grades 6-8
Balboa Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: North of Glenoaks, 2 blocks east of Alameda
Price Information
Listing Price Info
Price Summary:
List Price: $12,900,000
Tax Information:
Annual Amount: $72,205
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Glendale, CA.
This property is $11.7M more than the Median Sold Price in Glendale, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24017647
Listing Office:
Office Name: Keller Williams World Media Center
Office Email: info@alexanianadvisors.com
Listing Agent: Levon Alexanian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/5/2024, 11:20:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 06, 2016
Oct 06, 2016Home Sold
$1,245,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$72,205
$6,386,219
2020
$69,473
$6,320,737
2019
$68,323
$6,196,801
2018
$67,258
$6,075,296
2017
$67,258
$5,956,174
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Balboa Elementary School
1844 Bel Aire Dr
Distance between this listing and this school0.51 miles
Public District Grades KG-6
Middle School
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school1.56 miles
Public District Grades 6-8
High School
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.46 miles
Public District Grades 9-12
Assigned Schools
8
/10
Balboa Elementary School
1844 Bel Aire Dr
Distance between this listing and this school0.51 miles
Public District Grades KG-6
Nearby Schools
7
/10
Joaquin Miller Elementary School
720 E Providencia Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-5
8
/10
Thomas Jefferson Elementary School
1540 5th St
Distance between this listing and this school0.63 miles
Public District Grades KG-6
Assigned Schools
6
/10
Eleanor J. Toll Middle School
700 Glenwood Rd
Distance between this listing and this school1.56 miles
Public District Grades 6-8
Nearby Schools
5
/10
David Starr Jordan Middle School
420 S Mariposa St
Distance between this listing and this school1.56 miles
Public District Grades 6-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school1.68 miles
Public District Grades 6-8
Assigned Schools
6
/10
Herbert Hoover High School
651 Glenwood Rd
Distance between this listing and this school1.46 miles
Public District Grades 9-12
Nearby Schools
7
/10
Burbank High School
902 N 3rd St
Distance between this listing and this school1.43 miles
Public District Grades 9-12
7
/10
Burroughs High School
1920 W Clark Ave
Distance between this listing and this school1.98 miles
The neighbors living near this home have an average income of $51,250. Typical income of Glendale, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1160 Elm Ave
What is the listing price of this property?
The listing price of 1160 Elm Ave property is $12,900,000.
What type of property is this?
The property 1160 Elm Ave is a condo located in Glendale, California, 91201.
Is this property for sale now?
Active Listing: 1160 Elm Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1160 Elm Ave are: Balboa Elementary School: GreatSchools Rating 8/10Eleanor J. Toll Middle School: GreatSchools Rating 6/10Herbert Hoover High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $72,205 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 6, 2016 for $1,245,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1160 Elm Ave is 1986.
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This home is located at 1160 Elm Ave in Glendale, CA and zip code 91201 in the Grandview neighborhood. This home, which was built in 1986, sits on a 0.60 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $12,900,000.
In April 2024 more than 39 listings in Glendale, CA were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 18 were sold below. In April 2024 in Glendale, CA there were 14.2% more homes for sale than in March 2024. Listings spent 28 days on the market in April 2024, and had a median list price of $1,150,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS 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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