627 E Palmer Ave, Glendale, CA for sale

Investment Overview

Systems Real Estate is pleased to present 627 E. Palmer Avenue, a 22-unit multifamily investment property located in the Adams Hill neighborhood of South Glendale. Offered at $5,750,000, the property contains approximately 16,544 square feet of building area on an approximately 23,664-square-foot lot, equating to approximately $261,364 per unit. The property features on-site parking, resident storage and a common barbecue area. Situated directly across from Palmer Park, the property provides residents with immediate access to recreational amenities, including playgrounds, picnic areas and a basketball court. The location is also convenient to Adams Square, Downtown Glendale, The Americana at Brand, the Glendale Galleria and neighborhood shopping and dining. Nearby access to the 2, 5 and 134 freeways provides connectivity to Downtown Los Angeles, Pasadena, Burbank and surrounding employment centers, making 627 E. Palmer Avenue an appealing acquisition opportunity for multifamily investors.