$1,800,000
- Beds
- Unknown
- sq ft
- Unknown
366 W Palmer Ave, Glendale, CA 91204
366 W Palmer Ave
Glendale, CA 91204
- 46 days on market
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.
Details
Property type
Apartment
Lot size
6,952 sq ft
Price per sq ft
Unknown
Year built
1897
Price History
11/07/2024
CRMLS #SR24229186
Listed
$1,800,000
Schools & Community
Neighborhood:
Tropico
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Suburban
Community features:
Suburban
Status: Active
Tomo last checked: 12/22/2024 at 10:50 PM
Listing updated: 12/04/2024 at 10:00 PM
Listed by: Akash Saini, Keller Williams Realty Calabasas Phone #: (818) 657-6500
MLS: CRMLS #SR24229186
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