366 W Palmer Avenue
Glendale, CA 91204
0.16 acres | #SR25084325
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!
Property Details
- Lot DescriptionWalkstreet, Yard
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,650,000
- MLS #SR25084325
- MLS #SR25084325
- Property SubtypeApartment
- Cost1650000
- Acres0.1596
- Utility SourcePublic
- Year Built1897
- Stories2
- Parking Spaces4
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Akash Saini (#SR207065152)
Listing Office: Keller Williams Realty Calabasas (#F3510002)
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