339 West Palmer Avenue

Glendale, CA 91204

$1,100,000
Price
4
Beds
3
Baths
1,855 Sq. Ft.
$593 / Sq. Ft.
1,855
Sq. Ft.
$593
per Sq. Ft.

Description

3-unit property with huge upside potential. All units are tenant occupied with below market rents. Front house (2 bed/1 bath) with detached duplex behind (each are 1 bed/1 bath). Property is in need of heavy deferred maintenance and is a prime candidate for improvement, remodel and/or expansion. Lot is flat 5838 square feet and zoned GLR4YY, offering HUGE potential and opportunity. Don't miss this incredible income property with incredible potential. Property is being sold as-is without repairs or...3-unit property with huge upside potential. All units are tenant occupied with below market rents. Front house (2 bed/1 bath) with detached duplex behind (each are 1 bed/1 bath). Property is in need of heavy deferred maintenance and is a prime candidate for improvement, remodel and/or expansion. Lot is flat 5838 square feet and zoned GLR4YY, offering HUGE potential and opportunity. Don't miss this incredible income property with incredible potential. Property is being sold as-is without repairs or improvements. Please do not go onto property or disturb tenants.
  1. Listed by Richard Spracher • DRE #01977573 • Brokerage DRE #02221897 • Engel & Volkers La Canada • 818-207-1180

Property Details for 339 West Palmer Avenue

Architectural Style
Traditional
View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Lot Size Source
Assessor
Lot Size Dimensions
42x140
LISTING UPDATED: 10/31/2024 05:56 AM

Property Details for 339 West Palmer Avenue

StatusActive
MLS #GD24206351
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.13 AC / 5,838 SF
CountyLos Angeles County

Building Information for 339 West Palmer Avenue

Stories1Residences-Year Built1950Building Size-Lot Size0.13 AC / 5,838 SF

Property Information for 339 West Palmer Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $15,180
  • Gross Scheduled Income: $73,200
  • Gross Operating Income: $15,180
  • Net Operating Income: $12,069
  • Number Of Rented Garages: 0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 1.0
  • Current Financing: None
Expense Details
  • Operating Expense: $3,111
  • Insurance Expense: $256
  • Trash Expense: $0
  • Water Sewer Expense: $2,130
  • Total Expenses: $2,386
Tax / Assessment Info
  • Tax Area: 04-045
  • Tax Year: 2023
  • Tax Annual Amount: $981
  • Tax Block: 2
  • Tax Tract Number: 2452
  • Tax Census Tract: 3024.01
  • CFD/Mello-Roos Fee: $253
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Interior Features: Unfurnished
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Bath, Kitchen, Living Room, Electric, Gas
  • Cooling: Wall/Window Unit(s)
  • Heating: Space Heater, Wall Furnace
Exterior Features
  • Window Features: Screens, Wood Frames
  • Construction Materials: Stucco
  • Exterior: Stucco
  • Roof: Asphalt, Composition
  • Entry Location: 1
  • Other Structures: Shed(s)
  • Property Condition: Fixer
  • Pool Features: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Level with Street, Rectangular Lot, Near Public Transit, Utilities - Overhead
  • Land Lease: No
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $825
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $440
  • Unit Type Total Rent: $440
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 339 West Palmer Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 339 West Palmer Avenue

Taxable ValueLand$35,300Additions$33,326Total$68,626
Tax Record2024$998 ($83 / month)
Home Facts
Total Finished SqFt1,855 SqFtAbove Grade Finished SqFt1,855 SqFtLot Size5,824 SqFtStyleTriplexYear Built1950ZoningGLR4YYCountyLOS ANGELESAPN5640-009-013

Schools near 339 West Palmer Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Cerritos Elementary School
PublicK to 6

Theodore Roosevelt Middle School
Public6 to 8

Glendale High School
Public9 to 12

Thomas Edison Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

339 West Palmer Avenue is a multi-family home for sale in Glendale, CA 91204. This property was listed for sale on October 10, 2024 by Engel & Volkers La Canada, it's currently listed at $1,100,000. This listing's school district is Glendale Unified School District. Nearby schools include Cerritos Elementary School, Theodore Roosevelt Middle School and Glendale High School. 339 West Palmer Avenue is a 4-bed, 3-bath, 1,855 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Volkers La Canada, Richard Spracher, DRE #01977573

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.