7
See all 7 photos
$1,650,000
Est. payment /mo
6,952 Sqft Lot
Price Dropped by $150K
366 W Palmer AVE Glendale, CA 91204
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UPDATED:
03/04/2025 12:36 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24229186
Originating Board California Regional MLS
Year Built 1897
Lot Size 6,952 Sqft
Property Description
We are pleased to present 366 W. Palmer Ave., Glendale-a well-maintained 6-unit property with 20% 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 subpanels, 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. 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. Don't miss this exceptional investment opportunity!
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Interior
Heating No Heating
Cooling None
Laundry 30, 38, 9
Exterior
Garage Spaces 4.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 5640007005
Special Listing Condition Not Applicable
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Listed by Akash Saini • Keller Williams Realty Calabasas