NOT LISTED FOR SALE

417 E Palmer Ave Glendale, CA 91205

Adams Hill Neighborhood
1 Bed
1 Bath
6,748 Sq Ft
0.26 Acres

Last Sold February 22, 2021

Last sale price $2,300,000 $341 Per Sq Ft

50 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Palmer Park
  • Horace Mann Elementary School Rated A-
  • Level Lot

About This Home

As of February 2021

417 E. Palmer Ave is a 12-unit multifamily property located in Glendale, CA. The property consists of three buildings: one 8-unit double story structure and two 2-unit structures in the back. All units are 1B+1B, are separately metered for gas and electric, and have wall A/C units.

Built in 1959, the property features eight onsite parking spots. 417 E. Palmer Ave is on a lively residential street and is centrally located between the 2, 5, and 134 Freeways. The property is close to local elementary, middle, and high schools, as well as amenities such as parks, grocery stores, and local eateries. Residents enjoy the convenience of being minutes from Griffith Park and the restaurant scene of Atwater Village.

Given the added income from the onsite laundry facility and the rental upside potential, this is an excellent investment for both first-time buyers and seasoned investors.

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 10/26/2020

Keller Williams - Eagle Rock

Last Buyer's Agent

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 10/26/2020

Keller Williams - Eagle Rock

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • 6,748 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 50228
  • Assessor Parcel Number 5676010004

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,296
  • Gardener Expense $1,080
  • Insurance Expense $4,416
  • Professional Management Expense $5,040
  • Trash Expense $3,744
  • Water Sewer Expense $4,320
  • New Taxes Expense $29,930
  • Operating Expense $60,550
  • Gross Income $144,187
  • Net Operating Income $79,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Price Per Unit: 229200
  • Professional Management Expense: 5040.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4320.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 5676010004
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 340.84

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3744.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 11256.00
  • Lot Size Acres: 0.2584

Multi Family

  • Electric Expense: 1296.00
  • Gross Income: 144187.00
  • Gross Scheduled Income: 143755.00
  • Insurance Expense: 4416.00
  • Lot Size Area: 11256.0000 Square Feet
  • Net Operating Income: 79312.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 60550.00
  • Rent Control: No
  • Total Actual Rent: 11980.00
  • Total Expenses: 60550.00

Tax Info

  • New Taxes Expense: 29930.00
  • Tax Census Tract: 3025.05
  • Tax Lot: 2
  • Tax Tract Number: 50228

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $2,300,000 -16.4% $341 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $2,750,000 -- $408 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jag Singh

    Seller's Agent in 2021

    Jag Singh

    Keller Williams - Eagle Rock

    (626) 331-1234

    2 in this area

    44 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20226387

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendale 91205 Adams Hill

417 E Palmer Ave, Glendale, CA

This home is located at 417 E Palmer Ave, Glendale, CA 91205 since 26 October 2020. This property was built in 1959. 417 E Palmer Ave is a home located in Los Angeles County with nearby schools including Horace Mann Elementary School, Theodore Roosevelt Middle School, and Glendale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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. 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

Nearby Homes