366 W Palmer Avenue, Glendale, CA 91204 - Berkshire Hathaway HomeServices California Properties

366 W Palmer Avenue, Glendale, CA 91204

$1,650,000 Approx. USD 0 beds, 0 baths

Listing Agent


Akash Saini | Akash@thecommercialbroker.com
Lic#: 02010158
Broker: Courtesy of Keller Williams Realty Calabasas

Agent Remarks

We are pleased to present 366 W. Palmer Ave., Glendale—a well-maintained 6-unit property with 20% 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 subpanels, 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. 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. Don’t miss this exceptional investment opportunity!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SR24229186
List price is $1,650,000 Reduced by $150,000 on 3/4/2025
Price: $1,650,000
Beds: 0
Baths: 0
None fireplaces
Built in 1897
0.16 acres
Lot size: 0.1596
County: Los Angeles
Zoning: GLR4P*
Lot description: SixToTenUnitsAcre
Heating/cooling: None
Heating description: None
MLS area: 628 - Glendale-South of 134 Fwy

Last Updated: 3/4/2025

 Days On Market (DOM): 128

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This listing belongs to the 628 - Glendale-South of 134 Fwy MLS area

Lat/Long: 34.131880, -118.260749.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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