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. It’s eligible for listing in the Glendale Register under local Criterion 1, representing the earliest period of South Glendale’sresidential 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 addedrecognition and potential benefits.”• Architectural Integrity: The property retains many of its original, character-definingfeatures, 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 multifamilymarket.• 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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DAYS ON MARKET
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1
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LAST UPDATED
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11/7/2024
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|
YEAR BUILT
|
1897
|
COMMUNITY
|
Glendale-South of 134 Fwy
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|
GARAGE SPACES
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4.0
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COUNTY
|
Los Angeles
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|
STATUS
|
Active
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PROPERTY TYPE(S)
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Residential Income
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| AIR |
None |
| AREA |
Glendale-South of 134 Fwy |
| GARAGE |
Yes |
| HEAT |
None |
| LOT |
6952 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
None,See Remarks |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
GLR4P* |
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Listed with Keller Williams Realty Calabasas
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/8/24 7:59 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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