804 E Palmer Ave, Glendale, California 91205, Glendale, 91205 - 0 bed, 0 bath
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804 E Palmer Ave
Glendale, California 91205
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,499Sq Ft
5,316Lot Size
Property Price
LIST PRICE$1,695,000
EST. MARKET VALUE
$1,561,331
8% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $1,695,000, positioned above the $1,561,331 Fair Market Value. While the property requires capital for renovation, it features Approved Plans to convert units to 2-bedroom layouts, significantly boosting rental yield. With a Fair Condition Rating and upgraded electrical meters, the asset offers immediate operational flexibility via four vacant units and an occupied ADU. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize long-term cash flow through value-add repositioning.
Estimated Market Value
$1,561,331
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 |
|---|---|---|---|---|---|---|
★ 804 E Palmer Ave Subject | $1,695,000* List Price | 0 | 0 | 4,499 | $347 | - |
A 743 S Chevy Chase Sold | $1,300,000 | 0 | 0 | 4,408 | $295 | 0.4 mi |
B 410 Fischer Sold | $1,450,000 | 0 | 0 | 3,695 | $392 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1927, this property is described as a 'minor fixer.' While the electrical meters have been upgraded, the interiors are dated with kitchens and bathrooms showing finishes likely 20-30 years old. The presence of wall heaters instead of central HVAC and the need for layout reconfiguration to maximize value align with the 'Fair' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Potential
Approved plans to convert the four vacant units from 1-bedroom to 2-bedroom layouts provide a clear path to significantly increase rental income and overall property valuation.
- Immediate Operational Flexibility
With four units delivered vacant, the new owner can immediately begin renovations and repositioning without the legal complexities or delays associated with tenant relocation.
- Diversified Income Stream
The inclusion of a separate, occupied ADU provides immediate cash flow from day one, helping to offset carrying costs while the primary units undergo conversion.
CONSRISKS & DEFICIENCIES
- Renovation Requirements
The property is a fixer-upper that requires significant upfront capital and construction management to execute the conversion plans and reach its full market potential.
- Vintage Infrastructure
Built in 1927, the property may harbor hidden costs or maintenance challenges typical of century-old structures that could arise during the renovation process.
About 804 E Palmer Ave
Excellent opportunity to acquire a four-unit residential property in Glendale with significant upside potential. The property consists of four 1-bedroom, 1-bathroom units, currently vacant, providing a new owner with immediate flexibility and the opportunity to reposition the property. Approved plans are in place to convert the existing units from 1-bedroom/1-bathroom layouts to 2-bedroom/1-bathroom units, offering the potential for substantially higher rental income and increased overall property value. The property also includes a separate 1-bedroom, 1-bathroom ADU in the rear, which is currently occupied by a Section 8 tenant, providing immediate rental income. Additional improvements include an upgraded separate electrical meters for each unit, helping support the property's future renovation plans. This is an ideal opportunity for an investor, owner-user, or developer looking for a minor fixer with high-rent potential.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1927
- Lot Size
- 5,316 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 | 4,499 | 2,293.143 |
| Lot Size | 5,316 | 7,858.286 |
| Price | $1.70M | $1.26M |
| Price per sq ft | $377 | $585 |
| Built year | 1927 | 1938 |
| HOA | $0 | $0 |
| Days on market | 26 | 60 |
Pricing History
Listed for Sale
Aug 14, 2026
$1,695,000
Initial Listing