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804 E Palmer Ave
For Sale $1,925,000
$1,925,000
- 5 Units
- Unknown Sq Ft
- 5,316 Sq Ft
- Unknown Cap Rate
Description
Exceptional 5-Unit Investment Opportunity in Glendale! This well-maintained 4-unit building has been enhanced with a brand-new ADU, bringing the total to 5 units. Each unit with its in own washer and dryer hook ups. The newly constructed ADU is vacant and ready for immediate occupancy, offering modern amenities, a private entrance, and additional rental potential. This property presents an excellent opportunity for an owner-occupied income property, where you can live in the vacant ADU while generating rental income from the 4 existing units.
Recent upgrades include a new roof, new stucco, and new copper plumbing, ensuring long-term durability and minimizing future maintenance concerns. The main building consists of 4 units, all on a month-to-month rental basis, offering flexibility for new ownership. The expansive backyard will be completed with beautiful landscaping, creating a pleasant outdoor space for tenants. The Certificate of Occupancy for the ADU will be provided prior to the close of escrow, ensuring a smooth and efficient transaction.
Please do not disturb the occupants or tenants. This is a rare opportunity to acquire a well-upgraded 5-unit property with a vacant ADU ready for immediate occupancy. Ideal for an owner who wants to live in one unit while enjoying income from the others. Don’t miss out on this prime investment in a desirable location!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,925,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1927 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5676022002 |
| MLS # | SR24251404 |
| Property ID | 292793758 |
| Lot Sqft | 5,316 |
| Zoning | GLC3YY |
| Total Units | 5 |
| Days on Market | 354 |
| Original List Price | $1,975,000 |
| Applicances | Gas Oven% |
| Date Updated | January 21, 2025 |
| Date Created | December 18, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $5,000 | $0 |
| Net Income (Yr) | $ 43,100 |
Listing Provided By
Sarkis Hajibekian an agent of . Lic #01439356
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 21, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT