Glen Palm

530 Palm Dr, Glendale, CA 91202


Turn Key Asset

Remodeled interiors/common areas

Ease of management

Extensive capital upgrades

10%+ loss to lease

Walk to 3 schools

Walk to Starbucks



As exclusive listing agents, the Alexanian Apartment Advisors are pleased to introduce to you this rare opportunity to own 16 units in non – rent controlled Glendale, California. Situated North of Glenoaks Blvd, the asset boasts an extensive list of capital upgrades, making this an ease of management asset and true turn key offering. Glendale is by far one of the strongest rental markets in Los Angeles. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity.

Price $6,700,000 Cap Rate 3.41%
No. Units 16 Gross Rent Multiplier 18.5
Building Size 13,586 SF No. Stories 3
Price/Unit $418,750 Year Built 1985
Property Type Multifamily Lot Size 11,990 SF
Property Sub-type Garden/Low-Rise APN / Parcel ID 5644-011-005



Glendale, CA