627 E Palmer Ave
Property Description
Systems Real Estate is pleased to present 627 E. Palmer Avenue, a 22-unit multifamily investment property located in the Adams Hill neighborhood of South Glendale. Offered at $5,750,000, the property contains approximately 16,544 square feet of building area on an approximately 23,664-square-foot lot, equating to approximately $261,364 per unit. The property features on-site parking, resident storage and a common barbecue area. Situated directly across from Palmer Park, the property provides residents with immediate access to recreational amenities, including playgrounds, picnic areas and a basketball court. The location is also convenient to Adams Square, Downtown Glendale, The Americana at Brand, the Glendale Galleria and neighborhood shopping and dining. Nearby access to the 2, 5 and 134 freeways provides connectivity to Downtown Los Angeles, Pasadena, Burbank and surrounding employment centers, making 627 E. Palmer Avenue an appealing acquisition opportunity for multifamily investors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,750,000 |
| No. of Units: | 22 |
| Year Built: | 1966 |
| Lot Size: | 0.54 Acres |
| Opportunity Zone: | No |
| Price per unit: | $261,364 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
402 East Dryden Street
Glendale, California
The Town Center Apartments
Anaheim, California
4501 Irving Street
San Francisco, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout