Search
319 E Palmer Ave, Glendale, CA 91205
View Photos

319 E Palmer Ave Glendale, CA 91205

$2,130,000 Sold Price as of 01/29/2021
  • 10 Beds
  • 10 Baths
  • 1 Sq.Ft.
Sold
$2,130,000 Sold Price as of 01/29/2021 Refinance Your Mortgage
Map preview of 319 E Palmer Ave, Glendale, CA 91205

Property Overview: 319 E Palmer Ave Glendale, CA has 10 bedrooms, 10 bathrooms, 1 living square feet and 5,982 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare opportunity to acquire 319 E. Palmer Ave., a 6-unit investment opportunity located in the desirable city of Glendale, California. Nested on a lot size of 5,982 Sq. Ft. this two story wood frame & stucco construction was built in 1986. There are six units totaling approximately 4,884 Sq. Ft. of living space. Unit mix include (4) two bedrooms & two baths and (2) one bedroom & 1 bath. The one bedroom apartments range approximately 700 square feet and the two bedroom range approximately 850 square feet. These units are spacious in size, and the two bedroom units have balconies. All units have central air & heating, disposal, 5 units have dishwasher and all units are separately metered for gas & electric. There are individual water heaters for each unit. The parking accommodation include assigned spaces in a gated tuck-under parking. Parking allocations are 2 spaces for the two bedroom units and 1 space for the one bedroom units. There is onsite laundry. The building has secured entry with intercom access. Recent capital improvements include a new roof coating, rain gutters, and exterior light fixtures. This property is walking Distance to Grocery Stores, Parks, Bus Lines, Restaurants, and Schools. It is near Multiple Retail Centers, Major Highways, the Glendale Transportation Center, and Downtown Glendale 1.2 Miles to The Americana at Brand and 1.3 Miles to the Glendale Galleria and the Alex Theatre. This is a drive by only, please don’t disturb occupants.

Listed by HAIG BARSAMIAN | BRE #01012187 | BARSAM & ASSOCIATES, INC.
Last checked: 2 minutes ago | Last updated: October 27th, 2023 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
5,982
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
CV20240543
City
Glendale
County
Los Angeles
Time on Site
1185 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,685
  • Total Rent: $5,055
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,570
  • Total Rent: $1,570
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.95%
  • Gross Rent Multiplier: 17.7
  • Gross Scheduled Income: $113,220
  • Net Operating Income: $78,981
  • Gross Operating Income: $113,220
  • Vacancy Allowance: $0
  • Gross Spendable Income: $78,981
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Lease
  • Personal Property: $0
  • Improvements Total: $0
Annual Expense Breakdown
  • Total Operating Expense: $34,239
  • Electric: $0
  • Gas/Fuel: $150
  • Licenses: $0
  • New Taxes: $23,688
  • Furniture Replacement: $0
  • Trash: $1,820
  • Cable TV: $0
  • Gardener: $720
  • Insurance: $1,365
  • Maintenance: $2,859
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $3,636

Property Details for 319 E Palmer Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
  • Kitchen, Living Room, Master Bathroom, Master Bedroom, Master Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas & Electric Range
Interior Features
  • Balcony, Intercom, Unfurnished
  • Levels: Two
  • Security Features: Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Flat
  • Awning(s)
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Covered
Lot Information
  • Lot Features: Landscaped, Level, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5676010010
  • Year Built Source: Assessor
  • Architectural Style: Custom Built
  • Foundation Details: Concrete Perimeter
  • Property is Attached
  • Accessibility Features: Doors - Swing In, Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: East of Glendale Avenue.
Neighborhood Information
  • Community Features: Curbs, Gutters
View more facts & features

Local Glendale Agent

Sale History for 319 E Palmer Ave

Last sold for $2,130,000 on January 29th, 2021

  • October, 2023

  • Oct 27, 2023

    Date

    Canceled

    CRMLS: GD23179971

    $2,295,000

    Price

  • Sep 26, 2023

    Date

    Active

    CRMLS: GD23179971

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    A unique chance to acquire 319 E. Palmer Ave., a 6-unit investment opportunity in the sought-after city of Glendale, California. Situated on a 5,982 Sq. Ft. lot, this two-story building with wood frame and stucco construction was erected in 1986. The combined living space of the six units is approximately 4,884 Sq. Ft. The unit composition consists of (4) two-bedroom units with two bathrooms and (2) one-bedroom units with one bathroom. The one-bedroom apartments span approximately 700 square feet, while the two-bedroom units encompass around 850 square feet. These units are generously sized, with the two-bedroom units featuring balconies. All units are equipped with central air and heating, disposal units, with 5 of them having dishwashers. Additionally, each unit has separate metering for gas and electric, along with individual water heaters. Parking is provided in assigned spaces within a gated tuck-under parking area, with two spaces allocated for the two-bedroom units and one space for the one-bedroom units. Onsite laundry facilities are available. The property is conveniently located within walking distance to grocery stores, parks, bus lines, restaurants, and schools. It is also in close proximity to various retail centers, major highways, the Glendale Transportation Center, and Downtown Glendale—just 1.2 miles to The Americana at Brand and 1.3 miles to the Glendale Galleria and the Alex Theatre. Viewings are by drive-by only, and occupants should not be disturbed.

  • September, 2023

  • Sep 20, 2023

    Date

    Delete

    CRMLS: GD23176134

    $2,295,000

    Price

  • Sep 20, 2023

    Date

    Active

    CRMLS: GD23176134

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    A unique chance to acquire 319 E. Palmer Ave., a 6-unit investment opportunity in the sought-after city of Glendale, California. Situated on a 5,982 Sq. Ft. lot, this two-story building with wood frame and stucco construction was erected in 1986. The combined living space of the six units is approximately 4,884 Sq. Ft. The unit composition consists of (4) two-bedroom units with two bathrooms and (2) one-bedroom units with one bathroom. The one-bedroom apartments span approximately 700 square feet, while the two-bedroom units encompass around 850 square feet. These units are generously sized, with the two-bedroom units featuring balconies. All units are equipped with central air and heating, disposal units, with 5 of them having dishwashers. Additionally, each unit has separate metering for gas and electric, along with individual water heaters. Parking is provided in assigned spaces within a gated tuck-under parking area, with two spaces allocated for the two-bedroom units and one space for the one-bedroom units. Onsite laundry facilities are available. The property is conveniently located within walking distance to grocery stores, parks, bus lines, restaurants, and schools. It is also in close proximity to various retail centers, major highways, the Glendale Transportation Center, and Downtown Glendale—just 1.2 miles to The Americana at Brand and 1.3 miles to the Glendale Galleria and the Alex Theatre. Viewings are by drive-by only, and occupants should not be disturbed.

  • June, 2023

  • Jun 2, 2023

    Date

    Canceled

    CRMLS: SR23096647

    $3,250,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: SR23096647

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    Pride of ownership. A rare opportunity for an investor to add this unique, 1986 custom built and low maintenance multi family residential dwelling to their portfolio. Great unit mix, total of 6 spacious light & bright units, comprised of four 2BD+2BA ( with balconies ) and two 1Ba+1Ba; each separately metered for gas & electric and individual water heaters. Secured intercom entry and gated parking offering total of ten spaces ( 2 assigned for the 2BD & 1 for 1BD ). Recent ongoing capital improvements include 6 new AC units and renovation/retiling of the roof. Building is centrally located near parks, transportation, shopping and schools.

  • May, 2023

  • May 31, 2023

    Date

    Canceled

    CRMLS: SR23094757

    $3,250,000

    Price

  • May 30, 2023

    Date

    Active

    CRMLS: SR23094757

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    Pride of ownership. A rare opportunity for an investor to add this unique, 1986 custom built and low maintenance multi family residential dwelling to their portfolio. Great unit mix, total of 6 spacious light & bright units, comprised of four 2BD+2BA ( with balconies ) and two 1Ba+1Ba; each separately metered for gas & electric and individual water heaters. Secured intercom entry and gated parking offering total of ten spaces ( 2 assigned for the 2BD & 1 for 1BD ). Recent ongoing capital improvements include 6 new AC units and renovation/retiling of the roof. Building is centrally located near parks, transportation, shopping and schools.

  • May, 2023

  • May 16, 2023

    Date

    Canceled

    CRMLS: SR23042828

    $3,250,000

    Price

  • Mar 15, 2023

    Date

    Active

    CRMLS: SR23042828

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    Pride of ownership. A rare opportunity for an investor to add this unique, 1986 custom built and low maintenance multi family residential dwelling to their portfolio. Great unit mix, total of 6 spacious light & bright units, comprised of four 2BD+2BA ( with balconies ) and two 1Ba+1Ba; each separately metered for gas & electric and individual water heaters. Secured intercom entry and gated parking offering total of ten spaces ( 2 assigned for the 2BD & 1 for 1BD ). Recent ongoing capital improvements include 6 new AC units and renovation/retiling of the roof. Building is centrally located near parks, transportation, shopping and schools.

  • January, 2021

  • Jan 30, 2021

    Date

    Sold

    CRMLS: CV20240543

    $2,130,000

    Price

  • Jan 12, 2021

    Date

    Pending

    CRMLS: CV20240543

    $1,999,000

    Price

  • Dec 7, 2020

    Date

    Active Under Contract

    CRMLS: CV20240543

    $1,999,000

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: CV20240543

    $1,999,000

    Price

  • January, 2021

  • Jan 29, 2021

    Date

    Sold (Public Records)

    Public Records

    $2,130,000

    Price

  • September, 2016

  • Sep 30, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 319 E Palmer Ave

Assessed Value (2020): $824,618
Year Land Value Improved Value Assessed Value
2020 $247,378 $577,240 $824,618

Home Value Compared to the Market

This property vs the competition

319 E Palmer Ave sold on January 29, 2021 for 101.92% higher than the current median sold price for the city of Glendale which is $990,000. The median sold price per/sqft for Glendale is $692 and this home is sold at $1999000 per/sqft which puts the price per square foot 288772.83% higher than the current median sale per square foot for the city of Glendale.

About 319 E Palmer Ave

Detailed summary of property

319 E Palmer Ave is a apartment that recently sold in Glendale, CA 91205. This apartment offered 10 bedrooms, 10 bathrooms, roughly 1 living square feet, and sits on an approximately 5,982 square foot lot. 319 E Palmer Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,130,000. Home in Glendale are selling for a median price of $990,000 and a median price per square foot of $692. Based on Ardent Real Estate Group's Glendale Market Data, this home is sold 101.92% higher than the current median priced home. Local homes that are currently for sale include 2226 Branden St, 1889 Lemoyne St and 1424 N Hoover St. While the average home in Glendale, CA is selling in 75 days, 319 E Palmer Ave has a days on market of 17 days. There are currently 162 homes for sale in the Glendale real estate market and 101 of them are single family homes while 50 of them are condos and 10 are townhomes. For more information on this home for sale at 319 E Palmer Ave Glendale, CA 91205 contact Ardent Real Estate Group and we will put you in touch with one of our Glendale agents.

Public Facts for 319 E Palmer Ave

Public county record property details
Beds
12
Baths
12
Year built
1986
Sq. Ft.
4,884
Lot Size
5,982
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5676-010-010

The source for these homes facts are from public records.

91205 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$485,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
15
Median Sale to List Price %
102.11%
Avg Days on Market
9
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 319 E Palmer Ave

Nearby Homes for Sale

3615 Edenhurst Ave, Los Angeles, CA 90039
$1,725,000
2 Beds
2 Baths
1420 Sq.Ft.
3615 Edenhurst Ave
Los Angeles, CA 90039
4123 Edenhurst Ave, Los Angeles, CA 90039
$1,799,000
5 Beds
4 Baths
3296 Sq.Ft.
4123 Edenhurst Ave
Los Angeles, CA 90039
3429 Andrita St, Los Angeles, CA 90065
$2,295,000
14 Beds
17 Baths
8614 Sq.Ft.
3429 Andrita St
Los Angeles, CA 90065
4048 Garden Ave, Los Angeles, CA 90039
$1,950,000
8 Beds
7 Baths
3913 Sq.Ft.
4048 Garden Ave
Los Angeles, CA 90039
Open Sun 1pm-4pm
3725 Arbolada Rd, Los Angeles, CA 90027
$1,995,000
6 Beds
4 Baths
3206 Sq.Ft.
3725 Arbolada Rd
Los Angeles, CA 90027
4311 Eagle Rock Blvd, Los Angeles, CA 90041
$2,199,995
8 Beds
8 Baths
5717 Sq.Ft.
4311 Eagle Rock Blvd
Los Angeles, CA 90041
2641 Riverside Terrace, Los Angeles, CA 90039
$2,195,000
6 Beds
7 Baths
2458 Sq.Ft.
2641 Riverside Terrace
Los Angeles, CA 90039
2330 Teviot St, Los Angeles, CA 90039
$2,195,000
5 Beds
4 Baths
2900 Sq.Ft.
2330 Teviot St
Los Angeles, CA 90039
2330 Teviot St, Los Angeles, CA 90039
$2,195,000
5 Beds
4 Baths
2116 Sq.Ft.
2330 Teviot St
Los Angeles, CA 90039
2642 Queen St, Los Angeles, CA 90039
$2,295,000
6 Beds
8 Baths
3540 Sq.Ft.
2642 Queen St
Los Angeles, CA 90039
2523 Lyric Ave, Los Angeles, CA 90027
$1,898,000
6 Beds
4 Baths
2870 Sq.Ft.
2523 Lyric Ave
Los Angeles, CA 90027
2220 Clifford St, Los Angeles, CA 90026
$1,799,000
7 Beds
5 Baths
4235 Sq.Ft.
2220 Clifford St
Los Angeles, CA 90026

Recently Sold Homes Near 319 E Palmer Ave

3713 Seneca Ave, Los Angeles, CA 90039
$1,200,000 Last Sold Price
7 Beds
4 Baths
2183 Sq.Ft.
3713 Seneca Ave
Los Angeles, CA 90039
3817 Revere Ave, Los Angeles, CA 90039
$1,320,000 Last Sold Price
12 Beds
7 Baths
2828 Sq.Ft.
3817 Revere Ave
Los Angeles, CA 90039
3528 Casitas Ave, Los Angeles, CA 90039
$1,245,000 Last Sold Price
6 Beds
3 Baths
2788 Sq.Ft.
3528 Casitas Ave
Los Angeles, CA 90039
3522 Casitas Ave, Los Angeles, CA 90039
$902,000 Last Sold Price
4 Beds
2 Baths
1332 Sq.Ft.
3522 Casitas Ave
Los Angeles, CA 90039

Related Resources to 319 E Palmer Ave

New Listings in 91205
Popular Zip Codes
Popular Cities
Other Glendale Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote