366 Palmer Avenue, Glendale, CA 91204
  • MLS#: SR24229186 ( Apartment )
  • Street Address: 366 Palmer Avenue
  • Viewed: 2
  • Price: $1,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1897
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91204
  • Provided by: Keller Williams Realty Calabasas
  • Contact: Akash Akash
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Call Listing Agent for Marketing Package! Keller William is pleased to present 366 368 W Palmer Ave, Glendale, CA 91204 a multifamily investment rich in both financial upside and Historical significance. This 6 unit property, located in the highly desirable Tropico neighborhood of Glendale, offers an excellent opportunity for investors seeking both stable cash flow and long term appreciation. Key Investment Highlights: Historic Significance: Constructed in 1897, this property was evaluated during the 2017 South Glendale Historic Resources Survey and recognized as a rare example of early residential development in Tropico. Its eligible for listing in the Glendale Register under local Criterion 1, representing the earliest period of South Glendales residential history, and under local Criterion 3, for its outstanding residential vernacular architecture. The property is not currently registered as a historic property. The new owner has the opportunity to pursue historic designation for added recognition and potential benefits. Architectural Integrity: The property retains many of its original, character defining features, including its two story height, rectangular plan, hipped roof with flared and bracketed eaves, central attic dormer, and wood lap siding. These architectural elements add value and appeal, making it a unique asset in Glendale's multifamily market. Value Add Potential: In addition to its historical appeal, there is the opportunity to convert the existing garage into an (ADU's), further boosting rental income with minimal capital investment. With its blend of historical charm, architectural integrity, and income generating potential, 366 368 W Palmer Ave presents a unique opportunity for investors looking to capitalize on both cultural heritage and future growth.
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Features
Building Area Total
  1. 4072.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. Street
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Heating
  1. None
Insurance Expense
  1. 0.00
Laundry Features
  1. Electric Dryer Hookup
  2. Gas & Electric Dryer Hookup
  3. Washer Hookup
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 81505.00
Parcel Number
  1. 5640007005
Pool Features
  1. None
Postalcodeplus4
  1. 2219
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426772003:CRM
Spa Features
  1. None
Totalexpenses
  1. 45916.00
Trash Expense
  1. 0.00
Utilities
  1. None
  2. See Remarks
View
  1. None
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1897
Year Built Source
  1. Assessor
Zoning
  1. GLR4P*