REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,695,000
Est. payment /mo
New
804 E Palmer Ave Glendale, CA 91205
5,314 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26178662
HOA Y/N No
Year Built 1927
Lot Size 5,314 Sqft
Property Sub-Type Quadruplex
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.
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
Area 699 - Not Defined
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5676022002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Meroojohn Ordubegian Westgate Capital 818-421-9600, DRE #01064157
NEARBY SCHOOLS & PROPERTIES