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Executive Summary
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
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
Property Facts
| Price | $1,665,140 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $555,047 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 3 | Building Size | 2,073 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1951 |
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price | $1,665,140 CAD |
| Price Per Unit | $555,047 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 2,073 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Washer/Dryer
- Yard
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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3204 Palmer Dr
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