Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $9,270/mo
- Units
- 3
- Price per unit
- $598,333
- Est. annual NOI
- $55,620
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $105,678
- Operating expenses
- $52,839
- Net operating income
- $52,839
- Annual debt service
- $107,480
- Annual cash flow
- -$54,641
- Cash on cash return
- -12.2%
- Down payment
- $448,750
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Triplex
- Bedrooms
- 6
- Bathrooms
- 6
- Building size
- 2,561 sqft
- Lot size
- 6,796 sqft
- Year built
- 2024
- Stories
- 1
- Garage spaces
- 0
- Heating
- Forced Air,Central
- Cooling
- Central Air
- Pool
- None
- View
- City Lights
- Status
- Active
- Days on market
- 1
- MLS #
- 246610285
About this property
FOR SALE – 541 E PALMER AVE, GLENDALE, CA ### BEAUTIFULLY UPGRADED OWNER-USER & INCOME OPPORTUNITY **Living Area:** Approx. 2,561 SF **Lot Size:** Approx. 6,796 SF / 0.16 Acre **Property Type:** Single-Family Residential + 2 ADUs **Current Occupancy:** Month-to-Month Tenants A unique opportunity to own a **beautifully upgraded Glendale property featuring a main residence plus two ADUs**, providing multiple living spaces and strong rental income. ### CURRENT RENTAL INCOME **Main House – Unit 1** 2 Bedrooms | 2.5 Bathrooms Current Rent: **$3,300/Month** **ADU – Unit 2** 3 Bedrooms | 2 Bathrooms Current Rent: **$3,800/Month** **Studio ADU – Unit 3** Current Rent: **$1,850/Month** ### TOTAL CURRENT INCOME: $8,950/MONTH ### $107,400 ANNUAL GROSS RENTAL INCOME This property could be an excellent **owner-user investment opportunity**. Live in one of the units while collecting rental income from the others to help offset your monthly mortgage and ownership expenses. The property is currently tenant occupied with **month-to-month tenancies**, offering flexibility for an investor or potential owner-user, subject to applicable tenant and occupancy laws. **541 E Palmer Ave, Glendale, CA** A versatile income-producing property in a highly desirable Glendale location. Property also has paid off solar panels installed included in the sale.
Location
541 E PALMER Avenue
Glendale, Los Angeles, CA, 91205