Luxury Homes | Investments | Renovations    

Bookmark and Share

530 Palm Drive, Glendale, CA 91202 (MLS # SR17234588)

Price $6,700,000
Status Active
Beds 0
Baths 0 bath
Home size 13,586 sq ft
Lot Size 11,990 sqft
Days on Market 40
We are pleased to introduce to you this rare opportunity to own 16 units in non- rent controlled Glendale, California. The Palm Glen apartments are a very well maintained asset boasting an extensive list of capital improvements over the years including upgrades to interior units. Detailed upgrades list in offering memorandum. Built in 1985, the assets incorporates central AC, subterranean parking and intercom/gated access. Offered already at in place CAP rate of 3.65% the asset also has 15% + loss to lease to further improve the NOI. Glendale has historically low vacancy factor and his in a supply constrained state of mid-sized assets. Situated North of Glenoaks Blvd, Palm Glen is in prime location of town. Walking distance to Elementary, Middle and High Schools. Tenants are within a couple minutes to Downtown Glendale shops and services. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity. Contact us for complete Offering Memorandum.
Property Type(s): Residential Income
Last Updated 10/12/2017 Year Built 1985
Community 626 - Glendale-Northwest County Los Angeles

Additional Details

AREA 626 - Glendale-Northwest
GARAGE Assigned
LOT 0.28 acre(s)
LOTDESCRIPTION 16-20 Units/Acre
POOL DESCRIPTION None
SEWER Unknown
UTILITIES Public; Unknown;
WATER Public
ZONING GLR4*

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Drew de la Houssaye to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by : Levon Alexanian CalBRE:00911091, Keller Williams World Media Ce

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/20/17 12:48 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2017.

Email a Friend

Twitter