Glendale, CA 91204,366 W Palmer Avenue
Glendale, CA 91204,366 W Palmer Avenue
Glendale, CA 91204,366 W Palmer Avenue
8
$1,575,000
$1,650,000
4.5%
Est.Price: ?

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3 BD

366 W Palmer Avenue Glendale, CA 91204

Est. payment /mo
SOLD DATE : 06/20/2025

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Key Details

Sold Price $1,575,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR25111469

Bedrooms 3

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 20% 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 subpanels, 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. With Glendale 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

Zoning Assessor

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Exchange

Listing Terms Exchange

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MLS Router / San Diego MLS
Listed by Akash Saini Keller Williams Realty Calabasas
Bought with General NONMEMBER NONMEMBER MRML

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Brenda Perez-Miranda

Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

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