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613 E PALMER AVE Glendale, CA 91205
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Key Details
Sold Price $2,280,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,232 sqft
Price per Sqft $365
MLS Listing ID 19513502
Sold Date 10/30/19
HOA Y/N No
Year Built 1985
Lot Size 7,688 Sqft
Acres 0.1765
Property Description
613 E Palmer Avenue is a 7-unit low-rise apartment complex in the heart of Glendale, CA. Tenants appreciate and enjoy a residential environment with the option to walk shopping and dining that line Glendale Avenue. The property is also conveniently located adjacent to Palmer Park and a short drive from Griffith Park and the Los Angeles Zoo. Transportation options are plentiful given the proximity to the 5, 132 and 2 Freeways and the Glendale Metro Station located within less than a mile. The property consists of an excellent mix of two two-bedroom, one-bathroom, four two-bedroom, two-bathroom and one three-bedroom, three-bathroom units. Investors can capitalize on the on-site laundry facility for additional revenue. 613 E Palmer presents an opportunity for potential upside in rental income on an asset in a strong rental market.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning GLR4*
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Garage Carport
Parking Type Carport
Building
Story 3
Others
Tax ID 5676013019
Special Listing Condition Standard
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Bought with Daniel Withers • Matthews Real Estate Investmen