$10,000 Closing Credit¹
#GD25059482, Nick Khachian, Listing Office: JohnHart Real Estate
#SR24229186·
Listing office: Keller Williams Realty Calabasas·
Listing agent: Akash Saini·
Listing office phone: 916-704-4184
$1,650,000 List price
366 W Palmer Ave Glendale, CA 91204
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 366 W Palmer Ave
We are pleased to present 366 W. Palmer Ave., Glendale—a well-maintained 6-unit property with 20% upside potential, making it a prime value-add opportunity in one of San Fernando Valley’s strongest rental submarkets of Glendale. This property features a desirable unit mix with significant income growth potential, supported by recent capital improvements, including a brand-new roof on the rear building, updated electrical main panel and subpanels, new copper plumbing, and new asphalt and concrete—reducing future maintenance costs. Strategically located in a high-demand rental market, the property benefits from proximity to employment hubs, shopping centers, and major transportation corridors. With Glendale experiencing strong rent growth, this is an excellent investment for those seeking long-term appreciation and income stability. Additionally, three units offer room for interior upgrades, providing investors with the opportunity to increase rental income and capitalize on the continued demand for quality housing in the San Fernando Valley. Further enhancing its value-add potential, buyers can also explore converting the existing garages into two additional 1-bedroom units, creating even greater income potential. Don’t miss this exceptional investment opportunity!
Highlights
Home typeCondominium
StatusActive
Lot size0.1596 Acres
Year built1897
MLS #SR24229186
Garage4 spaces
Summary
- MLS Number: SR24229186
- MLS Name: CRMLS
- Office Name: Keller Williams Realty Calabasas
- Office Phone: (916) 704-4184
- Listing Agent: Akash Saini
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/13/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,650,000
366 W Palmer Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,640,466 | $18,648 |
| 2023 | $1,608,301 | $18,233 |
| 2022 | $1,576,766 | $17,924 |
| 2021 | $1,545,850 | $17,617 |
| 2020 | $255,485 | $3,491 |
| 2019 | $250,477 | $3,368 |
| 2018 | $245,566 | $3,278 |
| 2017 | $240,752 | $3,278 |
History based on county public records data.
Nearby schools
6
Cerritos Elementary School
Public District PK-6
0.6 mi
•120 E Cerritos Ave
6
Thomas Edison Elementary School
Public District KG-6
0.6 mi
•435 S Pacific Ave
8
Horace Mann Elementary School
Public District PK-5
0.7 mi
•501 E Acacia Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,219. The most common annual income of people living in Glendale, CA is less than $<35k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
55%
<35k
40%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
10%
Single, with Kids
23%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
44%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
2 days on Rocket
$7,588 Closing Credit¹
#GD25077799, Alain Babaian, Listing Office: Americana Real Estate Services
$8,419 Closing Credit¹
#AR24215292, Tracy Qiao, Listing Office: eXp Realty of Greater LA, Inc.
#SR25035164, George Ouzounian, Listing Office: The Agency
Backup offers
#GD25049496, Artin Sarkissian, Listing Office: The Art In Real Estate
2 days on RocketTour
$8,657 Closing Credit¹
#BB25077027, Alin Glogovicean, Listing Office: Redfin Corporation
#SR24080276, Levon Alexanian, Listing Office: Keller Williams World Media Center
#BB25025342, Thomas Khodjasarian, Listing Office: Sarian Realty
#GD24122828, Ann Marie Uy, Listing Office: Homesmart Evergreen Realty
#AR24182689, Steve Kwon, Listing Office: Keller Williams Realty
Frequently asked questions
About 366 W Palmer Ave
This home is located at 366 W Palmer Ave in Glendale, CA and zip code 91204 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 8, 2024 and is currently priced at $1,650,000.
In March 2025 more than 25 listings in Glendale, CA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 13 were sold below. Between February and March 2025, Glendale, CA real estate market has seen increase in the number of listings by 13.7%. Listings spent 23 days on the market in March 2025, and had a median list price of $1,154,866 during the same period.
From Rocket Homes Real Estate and based on county public records data.