CA > Glendale
Glendale, CA 91204,366 W Palmer Avenue
Glendale, CA 91204,366 W Palmer Avenue
Glendale, CA 91204,366 W Palmer Avenue
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$1,650,000
Est. payment /mo
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3 Beds
3 Baths
6,952 Sqft Lot
Active

366 W Palmer Avenue Glendale, CA 91204

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Barbara Truglio

Barbara Truglio

+1(760) 809-6548

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25084325

Bedrooms 3

HOA Y/N No

Lot Size 6,952 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present 366 W. Palmer Ave., Glendalea well-maintained 6-unit property with 30% upside potential, making it a prime value-add opportunity in one of San Fernando Valleys 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 concretereducing 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. Dont miss this exceptional investment opportunity!
We are pleased to present 366 W. Palmer Ave., Glendalea well-maintained 6-unit property with 30% upside potential, making it a prime value-add opportunity in one of San Fernando Valleys 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 concretereducing 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. Dont miss this exceptional investment opportunity!

Location

State CA

County Los Angeles

Area Glendale (91204)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $69

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Space Rent $1,470

Listing Terms Cash, Conventional, Exchange, Seller May Carry

San Diego Regional MLS (SDMLS)
Listed by Akash Saini • Keller Williams Realty Calabasas

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agent

Barbara Truglio

Agent | License ID: 01907988

+1(760) 809-6548

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366 W Palmer Avenue

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