Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSR25084325
MLS Source
California Regional MLS
Days on Site
26
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
366 W Palmer Ave is a Residential Income in Glendale, CA 91204. This – square foot property sits on a 6,952 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,650,000 and was built in 1897. This address can also be written as 366 W Palmer Ave, Glendale, CA 91204.
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This listing information is up-to-date as of April 17, 2025. For the most current information, please contact Akash Saini
