804 E Palmer Ave, Glendale, CA 91205
804 E Palmer Ave, Glendale, CA 91205
804 E Palmer Ave, Glendale, CA 91205
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,695,000
Est. payment /mo
5,314 Sqft Lot
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UPDATED:

Key Details

Property Type 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.

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

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Listed by Meroojohn Ordubegian Westgate Capital 818-421-9600, DRE #01064157

NEARBY SCHOOL & BUSINESS

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