New - 3 days on Rocket
$10,000 Closing Credit¹
#GD25018452, Silvia Ragheb, Listing Office: Trinity Real Estate & Investme
#SR24229186·
Listing Office: Keller Williams Realty Calabasas·
Listing Agent: Akash Saini·
Listing Office Phone: 916-704-4184
$10,000
closing credit¹
366 W Palmer Ave Glendale, CA 91204
$1,800,000 List price
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 366 W Palmer Ave
366-368 W Palmer Ave, Glendale, CA 91204 – a multifamily investment rich in both financial upside and Historical significance. This 6-unit property, located in the highly desirable Tropico neighborhood of Glendale, offers an excellent opportunity for investors seeking both stable cash flow and long-term appreciation. Key Investment Highlights: • Historic Significance: Constructed in 1897, this property was evaluated during the 2017 South Glendale Historic Resources Survey and recognized as a rare example of early residential development in Tropico. It’s eligible for listing in the Glendale Register under local Criterion 1, representing the earliest period of South Glendale’s residential history, and under local Criterion 3, for its outstanding residential vernacular architecture. ”The property is not currently registered as a historic property. The new owner has the opportunity to pursue historic designation for added recognition and potential benefits.” • Architectural Integrity: The property retains many of its original, character-defining features, including its two-story height, rectangular plan, hipped roof with flared and bracketed eaves, central attic dormer, and wood lap siding. These architectural elements add value and appeal, making it a unique asset in Glendale's multifamily market. • Value-Add Potential: In addition to its historical appeal, there is the opportunity to convert the existing garage into an (ADU's), further boosting rental income with minimal capital investment. With its blend of historical charm, architectural integrity, and income-generating potential, 366-368 W Palmer Ave presents a unique opportunity for investors looking to capitalize on both cultural heritage and future growth.
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: 2/2/2025, 1:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,800,000
366 W Palmer Ave
$10,000
closing credit¹
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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 majority of Glendale, CA residents have income less than $<35k annually. Typical family type is single, no kids. The majority of 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
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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 $1,800,000.
In January 2025, from all listings sold in Glendale, CA there were more than 17 sold above asking price, over 12 sold below and more than 2 were sold right at the asked price. In January 2025 in Glendale, CA there were 3.2% more homes for sale than in December. In January 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $1,152,888.
From Rocket Homes Real Estate and based on county public records data.