541 E PALMER Avenue, Glendale, CA 91205
- $1,795,000
- 6
- BD
- 6
- BA
- 2,561
- SqFt
- List Price
- $1,795,000
- Status
- ACTIVE
- MLS#
- GD26191321
- Year Built
- 2024
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 2,561
- Lot Size
- 6,796
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 6
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
FOR SALE – 541 E PALMER AVE, GLENDALE, CA ### BEAUTIFULLY UPGRADED OWNER-USER & INCOME OPPORTUNITY **Living Area:** Approx. 2,561 SF **Lot Size:** Approx. 6,796 SF / 0.16 Acre **Property Type:** Single-Family Residential + 2 ADUs **Current Occupancy:** Month-to-Month Tenants A unique opportunity to own a **beautifully upgraded Glendale property featuring a main residence plus two ADUs**, providing multiple living spaces and strong rental income. ### 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 collecting rental income from the others to help offset your monthly mortgage and ownership expenses. The property is currently tenant occupied with **month-to-month tenancies**, offering flexibility for an investor or potential owner-user, subject to applicable tenant and occupancy laws. **541 E Palmer Ave, Glendale, CA** A versatile income-producing property in a highly desirable Glendale location. Property also has paid off solar panels installed included in the sale.
Additional Information
- Appliances
- Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave, Water Heater
- Pool Description
- None
- Heat
- Central, Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Glendale Unified
- Interior Features
- Eat-in Kitchen, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Eduard Khachatryan (glendalebroker@gmail.com) from Listing Office: Luxury Homes International.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.