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530 Palm Drive, Glendale, CA 91202


  • Sold
  • Closed
  • Multi-Family
530 Palm Drive, Glendale, CA 91202View this property at 530 Palm Drive, Glendale, CA 91202
530 Palm DriveGlendaleCA91202

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Property Description

We 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 boasting 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 incorporates central AC, subterranean parking and intercom/gated access. Offered already at in place CAP rate of 3.63% the asset also has 15% + loss to lease to further improve the NOI. Glendale has historically low vacancy factor and his in a supply constrained state of 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 Downtown Glendale shops and services. 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.

Full Property Detailsfor 530 Palm Drive


  • Sold For: $6,405,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: SR17234588
  • Added: 156 day(s) ago

Property History

  • 530 Palm Drive, Glendale, CA
  • Sold at $6,405,000 on 2/28/18
  • Listed at $6,700,000 on 10/12/17


Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None


  • Parking Features: Assigned
  • Parking: Assigned


  • Area: 626 - Glendale-Northwest
  • County: Los Angeles
  • Development Name: 626 - Glendale-Northwest
  • Driving Directions: North of Glenoaks Blvd, West of Pacific Ave, South of Kenneth Rd


  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 17
  • # Electric Meters: 17

Structural Information

  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 13,586
  • Year Built: 1985

Unit Information

Unit 1

  • Number of Units: 8
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 7
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size Source: Assessor
  • Zoning: GLR4*
  • Lot Description: 16-20 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $471.44

Listed by Keller Williams World Media Ce, Levon Alexanian

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Schoolsserving 530 Palm Drive

School District:Glendale Unified School District
School Name
Balboa Elementary School, Glendale, CA
1844 Bel Aire Dr, Glendale, CA 91201
1.7 mi
Eleanor J. Toll Middle School
700 Glenwood Rd, Glendale, CA 91202
0.4 mi
Herbert Hoover Senior High School
651 Glenwood Road, Glendale, CA 91202
0.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Community Info

Community Infofor 530 Palm Drive

Listed by Keller Williams World Media Ce, Levon Alexanian

530 Palm Drive, Glendale, CA 91202 (MLS# SR17234588) is a Multi-Family property that was sold at $6,405,000 on February 28, 2018. Want to learn more about 530 Palm Drive? Do you have questions about finding other Multi-Family real estate for sale in Glen-Northwest? You can browse all Glen-Northwest real estate or contact a Coldwell Banker agent to request more information.