3204 Palmer Dr - Apartments FOR SALE


Los Angeles, CA 90065- Eagle Rock
$1,184,900 USD
818-634-3281
3204 Palmer Dr, Los Angeles, CA for Sale
$1,184,900 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

3204 Palmer Dr
Los Angeles, CA 90065
Eagle Rock


OVERVIEW

Outstanding opportunity for an owner-user or investor; this beautifully landscaped, corner lot, multi-family property features 1-2+1 (currently vacant) with a (permitted) laundry room/sun room, private yard and direct access from a garage and 2-1+1 units (one of which is currently vacant); there is a possibility that the vacant 2+1 could be combined with a 1+1 to create a larger, 3+2 owner’s unit (subject to the existing 1+1 tenant relocating to the vacant 1+1 and buyer to verify with the City of Los Angeles); there are 3 closed garages; great possibility for the buyer to add ADU’s (Buyer to verify); the property is separately metered for electricity and gas; each unit has a separate hot water heater, window or through-the-wall air conditioning and a wall furnace; the property has been replumbed with copper; the sewer line has been lined from the structure to the public right-of-way; the roof was replaced in the past 2 years; the units have Andersen tilt wash windows; the building was tented for termites in the last 3 years; Glendale adjacent location in Glassel Park, at the base of a single family neighborhood with excellent access to local shops and the 2 Freeway

FOR SALE DETAILS

PRICE

$1,184,900 USD

PRICE/SF

$572 USD /SF

# OF UNITS

3

PRICE/UNIT

$394,967

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LARD1.5

APN/PARCEL ID

5679-024-001

ASK ABOUT THIS PROPERTY

David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

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David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.