319 E. Palmer Ave., Glendale
6 Units | Offered at $1,999,000
A rare opportunity to acquire 319 E. Palmer Ave., a 6-unit investment opportunity located in the desirable city of Glendale, California. Nested on a lot size of 5,982 Sq. Ft. this two story wood frame & stucco construction was built in 1986. There are six units totaling approximately 4,884 Sq. Ft. of living space.
Unit mix include (4) two bedrooms & two baths and (2) one bedroom & 1 bath. The one bedroom apartments range approximately 700 square feet and the two bedroom range approximately 850 square feet.
These units are spacious in size, and the two bedroom units have balconies. All units have central air & heating, disposal, 5 units have dishwasher and all units are separately metered for gas & electric. There are individual water heaters for each unit.
The parking accommodation include assigned spaces in a gated tuck-under parking. Parking allocations are 2 spaces for the two bedroom units and 1 space for the one bedroom units. There is onsite laundry. The building has secured entry with intercom access. Recent capital improvements include a new roof coating, rain gutters, and exterior light fixtures.
This property is walking Distance to Grocery Stores, Parks, Bus Lines, Restaurants, and Schools. It is near Multiple Retail Centers, Major Highways, the Glendale Transportation Center, and Downtown Glendale 1.2 Miles to The Americana at Brand and 1.3 Miles to the Glendale Galleria and the Alex Theatre.
Glendale’s residents enjoy highly rated public and private schools, lush parks, comprehensive community services and one of the lowest crime rates in the nation.
Glendale is a haven from the fast pace of the Los Angeles metropolitan area. In addition to the city’s progressive business opportunity, restaurants and recreation, the property is an excellent opportunity for an investor looking to acquire well-kept assets in an outstanding location poised for continued growth.