530 Palm Dr
Glendale, CA 91202
Palm Glen · Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 13,586 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1985 |
| Zoning | R4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 13,586 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Dining Room
- Intercom
About 530 PALM DR , GLENDALE, CA 91202
As exclusive listing agents, the Alexanian Apartment Advisors are pleased to introduce to you this rare opportunity to own 16 units in non - rent controlled Glendale, California. The Palm Glen apartments are a very well maintained asset boast an extensive list of capital improvements over the years including upgrades to interior units. Detailed upgrades list in offering memorandum. Built in 1985, the assets boast central AC, subterranean parking and intercom/gated access. Offered already at in place CAP rate of 3.65%, the asset also has 15%+ loss to lease to further improve the NOI. Glendale has historically low vacancy factor and is in a supply constrained state for mid-sized assets. Situated North of Glenoaks Blvd, Palm Glen is in prime location of town. Walking distance to Elementary Middle and High Schools. Tenants are within a couple minutes to Americana at Brand & Glendale Galleria. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity. Contact us for complete offering memorandum.
Property Taxes
| Parcel Number | 5636-002-072 | Improvements Assessment | $3,874,306 |
| Land Assessment | $3,413,486 | Total Assessment | $7,287,792 |
Property Taxes
