541 E PALMER Avenue, Glendale, CA 91205
- $1,795,000
- 6
- BD
- 6
- BA
- 2,561
- SqFt
List Agent Eduard Khachatryan () 818-484-8008 Luxury Homes International; CoList ()
- 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
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 12
- 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
- Number of Units
- 3
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.