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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’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.
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’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.
Property Details
Price:
$1,800,000
MLS #:
SR24229186
Status:
Active
Baths:
0
Address:
366 W Palmer Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Nov 6, 2024
State:
CA
ZIP:
91204
Lot Size:
6,952 sqft / 0.16 acres (approx)
Year Built:
1897
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
None
Exterior
Community Features
Suburban
Garage Spaces
4.00
Lot Features
6-10 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Utilities
None, See Remarks
Map
Community
- Address366 W Palmer Avenue Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91204
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Courtesy of Keller Williams Realty Calabasas. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
366 W Palmer Avenue
Glendale, CA
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