CA > Glendale
Glendale, CA 91204,366 W Palmer AVE
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Glendale, CA 91204,366 W Palmer AVE
Glendale, CA 91204,366 W Palmer AVE
Glendale, CA 91204,366 W Palmer AVE
Glendale, CA 91204,366 W Palmer AVE
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Charles Laird

Charles Laird

+1(248) 431-0544
$ 1,650,000
Est. payment /mo
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366 W Palmer AVE Glendale, CA 91204

6,952 Sqft Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25084325

HOA Y/N No

Year Built 1897

Lot Size 6,952 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 366 W. Palmer Ave., Glendale—a well-maintained 6-unit property with 30% upside potential, making it a prime value-add opportunity in one of San Fernando Valley's strongest rental submarkets of Glendale. This property features a desirable unit mix with significant income growth potential, supported by recent capital improvements, including a brand-new roof on the rear building, updated electrical main panel and sub panels, new copper plumbing, and new asphalt and concrete—reducing future maintenance costs. Strategically located in a high-demand rental market, the property benefits from proximity to employment hubs, shopping centers, and major transportation corridors. WithGlendale experiencing strong rent growth, this is an excellent investment for those seeking long-term appreciation and income stability.Additionally, three units offer room for interior upgrades, providing investors with the opportunity to increase rental income and capitalize on the continued demand for quality housing in the San Fernando Valley. Further enhancing its value-add potential, buyers can also explore converting the existing garages into two additional 1-bedroom units, creating even greater income potential. Don't miss this exceptional investment opportunity!

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning GLR4P*

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Walkstreet, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5640007005

Energy Description 490.0

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Akash Saini • Keller Williams Realty Calabasas • 916-704-4184
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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