Flexible Glendale Property with Multifamily
317 W Palmer Ave, Glendale, CA 91204
MULTI_FAMILY - Glendale, CA
Property size:
3,500 SFLot size:
0.17 AcresPrice / SF:
$371/SF- Added:
- Aug 18, 2025
- Days on Market:
- 287
- Last Refresh:
- May 31 at 8:06 pm
Property Features for 317 W Palmer Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2250
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking
- 6
- Parking features
- Driveway
- Standard status
- Active Under Contract
- APN
- 5640-009-004
- Size
- 3,500 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Wall Unit(s), Window Unit(s)
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Mixed
Listing agent Mark Duncan License #01999098 (310) 266-6149
Listing office Real Broker 1420 Kettner Blvd. #100, Newark, CA (619) 663-8680
Listing date Aug 18, 2025
MLS# 25565925
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multifamily zoning allows for diverse development options.
- Prime location: Enjoy a quiet street setting, just half a block from Central Ave shopping in Glendale.
- Large lot size: Approximately 7300 sq ft for the main building.
- Spacious main building: Approximately 3000 sq ft featuring a sanctuary, lobby, kitchen, dining/classroom, and offices.
- Detached finished storage building: Approximately 500 sq ft, offering potential for ADU conversion.
- Existing structure: Currently a church, providing immediate use or conversion possibilities.
Overview
Located in Glendale, this property presents a flexible space suitable for various uses. The property, currently a church, is situated on a quiet street, approximately half a block from shopping on Central Avenue. The zoning allows for multifamily development, offering potential uses such as a school, daycare, group living, multifamily units, or a single-family home. Redevelopment is also an option, or the property can continue to operate as a church. The main building is approximately 3000 square feet and includes the main sanctuary, a lobby with two bathrooms, a kitchen, a large dining/classroom area, and offices with an additional bathroom in the rear. A detached, finished storage building of approximately 500 square feet is also present, which could be repurposed. The lot size is nearly 7300 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.1k | $36.60 |
| − Vacancy | −$8.3k | −$2.38 |
| EGI | $119.8k | $34.22 |
| − OpEx | −$53.9k | −$15.40 |
| NOI | $65.9k | $18.82 |
3,500 SF · lease $36.60/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$941.1K
$823.4K – $1.10M
NOI $65,875 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.46M
NOI $147,349 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Living Stone Presbyterian ...
Church
Grace Mission University
University
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.2587104
- Latitude
- 34.1324061
Nearby Similar for Sale
FAQs
What type of property is this?
Church & religious facility - Versatile Glendale property suitable for various uses, including multifamily.
Where is this church & religious facility located?
The property is located at 317 W Palmer Ave Glendale, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Multifamily zoning allows for diverse development options.; Prime location: Enjoy a quiet street setting, just half a block from Central Ave shopping in Glendale.; Large lot size: Approximately 7300 sq ft for the main building.
