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339 W Palmer Avenue

Glendale, CA 91204
  • $1,050,000
  • STATUS: Pending
  • ON SITE: 98 Days
  • MLS #: GD24206351
Pending
UPDATED: 167 min ago
$1,050,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Richard Spracher of Engel & Volkers La Canada (818-790-6774)


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 (1 bed/1 bath each). Property is in need of heavy deferred maintenance and repairs and is a prime candidate for improvement, remodel, expansion or redevelopment. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156581925
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339 W Palmer Avenue Glendale, CA 91204

  • Price: $1,050,000
  • Status: Pending
  • On Site: 98 Days
  • Updated: 167 min ago
  • MLS #: GD24206351
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1950
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property 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 (1 bed/1 bath each). Property is in need of heavy deferred maintenance and repairs and is a prime candidate for improvement, remodel, expansion or redevelopment. 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.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Construction Materials Stucco Entry Level 1 Entry Location 1 Lot Features Front YardNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 3 Open Parking Spaces 0 Other Structures Shed(s) Parking Features DrivewayNone Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltComposition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Water Heater Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features BathElectricGasKitchenLiving Room Fireplace YN Yes Heating Space HeaterWall Furnace Heating YN Yes Interior Features UnfurnishedAll Bedrooms Down Window Features ScreensWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 1 Common Interest None Community Features BikingCurbsGutter(s)Street LightsSidewalksUrban Contingency Drive-by only; Please do not disturb occupants: Long-term Tenant Occupied; Rents are very low. Offers subject to inspection. Broker and agent do not represent or guarantee the accuracy of square footagebed or bath countlot lines or dimensionscondition of propertyetc. Per tenantUnit A of duplex intends to vacate within 60 days after COE. (also for sale is MLS# GD24206373). Property part of an inheritance/trustseller has limited knowledge of property. Citation from city to remove shedsrepla Current Financing None Exclusions tenant owned applianceswindow a/c units Garage YN No Gross Income 15180 Gross Scheduled Income 73200 Insurance Expense 256 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalSubmit Net Operating Income 12069 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 3111 Possession Close Of Escrow Property Condition Fixer Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tax Annual Amount 981.08 Tax Year 2023 Tenant Pays Cable TVElectricityGasGrounds CareTelephone Total Actual Rent 1265 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedOverhead Utilities Water Sewer Expense 2130 Water Source Public Zoning GLR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Richard Spracher of Engel & Volkers La Canada (818-790-6774)