40
See all 40 photos
$1,795,000
Est. payment /mo
5 Beds
6 Baths
6,798 Sqft Lot
New
541 E Palmer Avenue 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 GD26192804
Bedrooms 5
Lot Size 6,798 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
FOR SALE 541 E PALMER AVE, GLENDALE, CA ### BEAUTIFULLY UPGRADED OWNER-USER & INCOME OPPORTUNITY **Living Area:** Approx. 2,561 SF **LotSize:** Approx. 6,796 SF / 0.16 Acre **Property Type:** Single-Family Residential + 2 ADUs **Current Occupancy:** Month-to-Month Tenants A uniqueopportunity to own a **beautifully upgraded Glendale property featuring a main residence plus two ADUs**, providing multiple living spaces and strong rentalincome. ### CURRENT RENTAL INCOME **Main House Unit 1** 2 Bedrooms | 2.5 Bathrooms Current Rent: **$3,300/Month** **ADU Unit 2** 3 Bedrooms |2 Bathrooms Current Rent: **$3,800/Month** **Studio ADU Unit 3** Current Rent: **$1,850/Month** ### TOTAL CURRENT INCOME: $8,950/MONTH ###$107,400 ANNUAL GROSS RENTAL INCOME This property could be an excellent **owner-user investment opportunity**. Live in one of the units while collectingrental income from the others to help offset your monthly mortgage and ownership expenses. The property is currently tenant occupied with **month-to-monthtenancies**, offering flexibility for an investor or potential owner-user, subject to applicable tenant and occupancy laws. **541 E Palmer Ave, Glendale, CA** Aversatile income-producing property in a highly desirable Glendale location. Property also has paid off solar panels installed included in the sale.
Location
State CA
County Los Angeles
Zoning Estimated
Direction Betweeb Glendale Ave and Adams Street
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5676012010
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Eduard Khachatryan, DRE#01769888 Luxury Homes International
NEARBY SCHOOL & BUSINESS
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