541 E Palmer Avenue, Glendale, California 91205, Glendale, 91205 - 0 bed, 0 bath
Loading property details...
541 E Palmer Avenue
Glendale, California 91205
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,561Sq Ft
6,798Lot Size
Property Price
LIST PRICE$1,795,000
EST. MARKET VALUE
$1,664,189
7% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a Triplex Residential Income property listed at $1,795,000, positioned above the $1,664,189 Fair Market Value. While priced at a premium, the property offers a Mint Condition Rating as a 2024 build, featuring Paid-Off Solar Panels and modern finishes. With a gross annual income of $107,400 from three units, it provides immediate cash flow and operational flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in a high-demand Glendale location.
Estimated Market Value
$1,664,189
Based on Realkey algorithm analyzing recent comparable sales in Glendale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 541 E Palmer Avenue Subject | $1,795,000* List Price | 0 | 0 | 2,561 | $650 | - |
A 1010 Mariposa Sold | $1,300,000 | 6 | 4 | 2,122 | $613 | 0.2 mi |
B 900 Brier Lane Active | $1,899,999 List Price | 0 | 0 | 2,190 | $868 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is listed as a 2024 build/reconstruction and is in mint condition. It features a main residence and two ADUs with high-end modern finishes, including new shaker-style kitchens with stone countertops and stainless steel appliances, fully renovated bathrooms with contemporary tile work, new flooring, recessed lighting, and updated systems including paid-off solar panels.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Income Potential
The property generates a robust gross annual income of $107,400 from three distinct units, offering a high-yield opportunity for investors or an ideal mortgage-offset for owner-users.
- Modern Construction & Efficiency
Built in 2024, this property features contemporary upgrades and includes fully paid-off solar panels, significantly reducing long-term maintenance costs and utility expenses.
- Occupancy Flexibility
All units are currently on month-to-month tenancies, providing a buyer with the immediate flexibility to either move into a unit or adjust rents to current market rates without long-term lease constraints.
CONSRISKS & DEFICIENCIES
- High Site Density
With three separate dwellings situated on a 0.16-acre lot, the property may lack significant private outdoor space or yard area for individual tenants.
- Potential Parking Constraints
The configuration of a main house plus two ADUs on a standard residential lot often leads to limited on-site parking, which could be a challenge for a multi-tenant environment.
About 541 E Palmer Avenue
FOR SALE – 541 E PALMER AVE, GLENDALE, CA ### BEAUTIFULLY UPGRADED OWNER-USER & INCOME OPPORTUNITY **Living Area:** Approx. 2,561 SF **LotSize:** Approx. 6,796 SF / 0.16 Acre **Property Type:** Single-Family Residential + 2 ADUs **Current Occupancy:** Month-to-Month Tenants A uniqueopportunity to own a **beautifully upgraded Glendale property featuring a main residence plus two ADUs**, providing multiple living spaces and strong rentalincome. ### CURRENT RENTAL INCOME **Main House – Unit 1** 2 Bedrooms | 2.5 Bathrooms Current Rent: **$3,300/Month** **ADU – Unit 2** 3 Bedrooms |2 Bathrooms Current Rent: **$3,800/Month** **Studio ADU – Unit 3** Current Rent: **$1,850/Month** ### TOTAL CURRENT INCOME: $8,950/MONTH ###$107,400 ANNUAL GROSS RENTAL INCOME This property could be an excellent **owner-user investment opportunity**. Live in one of the units while collectingrental income from the others to help offset your monthly mortgage and ownership expenses. The property is currently tenant occupied with **month-to-monthtenancies**, offering flexibility for an investor or potential owner-user, subject to applicable tenant and occupancy laws. **541 E Palmer Ave, Glendale, CA** Aversatile income-producing property in a highly desirable Glendale location. Property also has paid off solar panels installed included in the sale.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 2024
- Lot Size
- 6,798 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,561 | 2,293.143 |
| Lot Size | 6,798 | 7,858.286 |
| Price | $1.79M | $1.26M |
| Price per sq ft | $701 | $585 |
| Built year | 2024 | 1938 |
| HOA | $0 | $0 |
| Days on market | 7 | 60 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,795,000
Initial Listing
Sold
Dec 16, 2020
$750,000
Public Record
Sold
Mar 3, 2020
$740,000
Public Record