627 E Palmer Ave - Apartments FOR SALE


Glendale, CA 91205- Adams Hill
$5,750,000 USD
818-500-4900
627 E Palmer Ave, Glendale, CA for Sale
$5,750,000 USD
Apartments - FOR SALE
1/8
null | 5.39% Cap Rate

627 E Palmer Ave
Glendale, CA 91205
Adams Hill


HIGHLIGHTS

  • 22-unit multifamily investment opportunity
  • Sixteen 1-bedroom/1-bath units and six 2-bedroom/1-bath units
  • Located directly across from Palmer Park
  • On-site parking and resident storage
  • Landscaped central courtyard with common barbecue area
  • Desirable South Glendale location near Adams Square

OVERVIEW

Excellent 22-unit multifamily investment opportunity in the Adams Hill neighborhood of South Glendale. The property features a desirable unit mix of sixteen 1-bedroom/1-bath units and six 2-bedroom/1-bath units, along with on-site parking, resident storage and a common barbecue area. Located directly across from Palmer Park and convenient to Adams Square, Downtown Glendale, The Americana at Brand, neighborhood shopping and dining, and the 2, 5 and 134 freeways. Please do not disturb occupants. Contact the listing brokers for additional information or to schedule a showing.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

22

PRICE/UNIT

$261,364

CAP RATE

5.39%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,605 SF

ZONING

R4, Glendale

APN/PARCEL ID

5676-013-016

ASK ABOUT THIS PROPERTY

Tony ManiscalchiSystems Real EstateMore Info
818-500-4900

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

Tony ManiscalchiSystems Real EstateMore Info
818-500-4900

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