Three-Unit Property with Two
For Sale
$1,795,000
541 E PALMER AVE, Glendale, CA 91205
Main residence plus two ADUs offers flexible occupancy with month-to-month tenant arrangements.
Property Size2,561 SF
Lot Size0.16 Acres
Price / SF$700.90
Days on Market50
Property Features for 541 E PALMER AVE
General Information
Standard status
Active
Size
2,561 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR/2.5BA, 1 x 3BR/2BA, 1 x Studio ADU
Multifamily Units
3
Additional Details
Gross Income
$107,400
Amenities
solar panels
Building Details
Building Size
2,561 SF
Year Built
2024
Listing Agency:
Luxury Homes International
Listed By:
Eduard Khachatryan · License #01769888
(818) 484-8008
Source:
Carolinakramer
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 19 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luxury Homes International
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Investment Insights
Based on property information with market context.
Built in 2024, this three-unit property combines a primary residence with two accessory dwelling units. The main home includes 2 bedrooms and 2.5 bathrooms, while the larger ADU provides 3 bedrooms and 2 bathrooms. A separate studio ADU completes the unit mix, creating multiple residential spaces within approximately 2,561 SF of living area.
The property occupies an approximately 6,796 SF lot, or 0.16 acre, in Glendale, California. All three units are currently occupied under month-to-month tenancies, providing an established rental arrangement with flexibility subject to applicable tenant and occupancy laws. Paid-off solar panels are included with the sale.
The property occupies an approximately 6,796 SF lot, or 0.16 acre, in Glendale, California. All three units are currently occupied under month-to-month tenancies, providing an established rental arrangement with flexibility subject to applicable tenant and occupancy laws. Paid-off solar panels are included with the sale.
Key Highlights
- Three‑unit configuration with a primary residence and two ADUs
- Approximately 2,561 SF of living area on a 6,796 SF lot
- Main residence has 2 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,509
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,180
$1.1M
Cap Rate 7%
$792,986
$793.0K
Cap Rate 9%
$616,767
$616.8K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$84.5K $33.00/SF
− Vacancy
−$5.2K −$2.04/SF
EGI
$79.3K $30.96/SF
− OpEx
−$23.8K −$9.29/SF
NOI
$55.5K $21.67/SF
Area
Glendale, CA
Vacancy
6.17%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,180
Cap Rate 7%
$792,986
Cap Rate 9%
$616,767
Alternative Uses
Best Use
Multifamily LT 5
$793.0K
$693.9K – $925.2K
NOI $55,509 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$688.6K
$602.5K – $803.4K
NOI $48,202 @ 7.0% cap · market cap 2.69%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,817 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 91205, CA
36,693
Population
14,424
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
19,312
Density / Sq Mi
$59,005
Median Household Income
$42,393
Median Earnings
$1,890
Median Rent
$763,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Main residence plus two ADUs offers flexible occupancy with month-to-month tenant arrangements.
Where is this triplex located?
The property is located at 541 E PALMER AVE Glendale, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Three‑unit configuration with a primary residence and two ADUs; Approximately 2,561 SF of living area on a 6,796 SF lot; Main residence has 2 bedrooms and 2.5 bathrooms
