366 W Palmer Avenue
Glendale, CA 91204
- – beds
- – baths
- – sqft
- 6,952 sqft lot
- 1897 build
- – on site
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’s 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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Last updated Nov 18, 2024
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MLS# SR24229186 —
The Building
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Year Built:1897
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4072.00
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Building Area Units:Square Feet
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Total Number Of Units:6
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# of Buildings:2
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Stories Total:2
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Entry Level:2
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Common Walls:1 Common Wall
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# of Separate Gas Meters:6
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Entry Location:Street
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Fireplace:No
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Fireplace:None
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Laundry:Electric Dryer Hookup, Gas & Electric Dryer Hookup, Washer Hookup
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Laundry:1
Location
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Directions:Near San Fernando Rd. and W. Chevy Chase Dr.
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Latitude:34.13188000
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Longitude:-118.26074900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:GLR4P*
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Lot Features:6-10 Units/Acre
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Lot Size Area:6952.0000
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Lot Size Acres:0.1596
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Lot Size SqFt:6952.00
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Lot Size Source:Assessor
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View:None
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:3024.01
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Tax Tract:6637
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Tax Lot:14
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5640007005
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Utilities
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Utilities:None, See Remarks
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Sewer:Public Sewer
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Water Source:Public
The Community
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Neighborhood:Tropico
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Features:Suburban
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/7/24
Nov 7, 2024
|
Listed / Active | CRMLS_CA | $1,800,000 |
