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$ 1,650,000
Est. payment | /mo
3 Beds
3 Baths
6,952 Sqft Lot
$ 1,650,000
Est. payment | /mo
3 Beds
3 Baths
6,952 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24229186
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 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!
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!
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
Area Glendale (91204)
Zoning Assessor
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $69
Acceptable Financing Exchange
Space Rent $1,350
Listing Terms Exchange
Listed by Akash Saini • Keller Williams Realty Calabasas
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "