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Listed by Eduard Khachatryan • Luxury Homes International
$1,795,000
Est. payment /mo
6 Beds
6 Baths
2,561 SqFt
New
541 East PALMER Avenue Glendale, CA 91205
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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 GD-26191321
Bedrooms 6
Full Baths 5
Half Baths 1
Year Built 2024
Lot Size 6,796 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
FOR SALE – 541 E PALMER AVE, GLENDALE, CA
### 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.
### 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
Interior
Heating Central, Forced Air
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Laundry Gas Dryer Hookup, Inside
Exterior
Pool None
Community Features Curbs, Park, Sidewalks, Street Lights, Suburban
Utilities Available Sewer Connected, Natural Gas Connected
View Y/N Yes
View City Lights
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nearby Locations
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