541 E PALMER AVE Glendale, CA 91205
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,561 sqft
Price per Sqft $700
MLS Listing ID GD26191321
Bedrooms 6
Full Baths 5
Half Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2024
Lot Size 6,795 Sqft
Property Sub-Type Triplex
Property Description
### 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.
Location
State CA
County Los Angeles
Area 626 - Glendale-Northwest
Zoning GLR4YY
Rooms
Main Level Bedrooms 6
Interior
Interior Features Eat-in Kitchen, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Central, Forced Air
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave, Water Heater
Laundry Gas Dryer Hookup, Inside
Exterior
Pool None
Community Features Curbs, Park, Street Lights, Suburban, Sidewalks
Utilities Available Natural Gas Connected, Sewer Connected
View Y/N Yes
View City Lights
Roof Type Shingle
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Triplex
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Schools
School District Glendale Unified
Others
Senior Community No
Tax ID 5676012010
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit
Special Listing Condition Standard
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