55
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$1,695,000
Est. payment /mo
4 Beds
4 Baths
5,316 Sqft Lot
New
804 E Palmer Ave Glendale, CA 91205
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26178662
Bedrooms 4
Lot Size 5,316 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent opportunity to acquire a four-unit residential property in Glendale with significant upside potential. The property consists of four 1-bedroom, 1-bathroom units, currently vacant, providing a new owner with immediate flexibility and the opportunity to reposition the property. Approved plans are in place to convert the existing units from 1-bedroom/1-bathroom layouts to 2-bedroom/1-bathroom units, offering the potential for substantially higher rental income and increased overall property value. The property also includes a separate 1-bedroom, 1-bathroom ADU in the rear, which is currently occupied by a Section 8 tenant, providing immediate rental income. Additional improvements include an upgraded separate electrical meters for each unit, helping support the property's future renovation plans. This is an ideal opportunity for an investor, owner-user, or developer looking for a minor fixer with high-rent potential.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Use navigation
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5676022002
Acceptable Financing Cash
Listing Terms Cash
Listed by Meroojohn Ordubegian, DRE#01064157 Westgate Capital
NEARBY SCHOOL & BUSINESS
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