721 Palm Drive
About This Property
The original 1920s charm carries beautifully through a complete, fully permitted renovation. The kitchen pairs richly veined emerald quartzite counters with a marble backsplash, a space made for slow mornings and lively dinners. A wet room and walk-in closet make the primary suite an everyday retreat. Behind the timeless finishes is an equally substantial transformation: a brand-new roof, strengthened structure, upgraded 200-amp electrical, new plumbing and sewer lines, new HVAC, a tankless water heater, and ENERGY STAR appliances.
The 1,536 sq. ft. turnkey residence offers 3 bedrooms and 3 full baths, complemented by a separate 256 sq. ft. bonus room behind the detached, oversized two-car garage. An approximately 12-foot-high attic and detached rear structures invite imagination for more possibilities. Outside, mature eucalyptus rises above honeysuckle, rosemary, and lavender, with a sculptural ponytail palm standing watch. Picture morning coffee, dinner parties, a glass of wine after sunset, and evenings that linger beneath the stars.
Glendale Unified schools are just blocks away, with Kenneth Village, Brand Park, Trader Joe's, Whole Foods, The Americana, and now, Erewhon, all within 10-min reach. The cafes, restaurants, and everyday discoveries of Pasadena, Eagle Rock, Highland Park, and Burbank are also nearby.
Come for the arched windows; stay for what's beyond.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Sold | ||
| Sold | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Listed by KW Executive | $1,685,000 | |
| Listed by KW Executive | |||
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jul 1, 2024 | Listed by Berkshire Hathaway Home Servic | $999,000 | |
| Listed by Berkshire Hathaway Home Servic | |||
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This enchanting English-style home with a high-pitched roof and arched windows is located on a picturesque tree-lined street in Northwest Glendale. Just moments away from the charming Kenneth Village, Brand Park & Arts Library, and scenic hiking trails, this residence blends timeless character with convenient location.Inside, you'll be greeted by the allure of arched entryways and beautiful original plasterwork. The sunlit living room, featuring a decorative fireplace, seamlessly connects to the formal dining room, perfect for memorable gatherings. The cozy breakfast nook off the kitchen provides an ideal spot for morning coffee.The home boasts three spacious bedrooms and two bathrooms, including one with vintage tiles and a classic pedestal sink. While some updates are needed, this hidden gem offers a unique opportunity to infuse your personal touch into a home brimming with character.The property features a detached two-car garage and a 270-square-foot permitted storage room behind the garage, offering flexible space for storage or creative projects. Step into the backyard to discover the magic of outdoor living in a tranquil setting.Conveniently situated near Kenneth Village's delightful shops and eateries, and within easy reach of Brand Park's lush green spaces and activities, this home is just a short drive from the vibrant centers of Downtown Glendale and Burbank. This residence is a canvas for your imagination and the perfect place to create lasting memories. Don't miss the opportunity to make this tranquil oasis your own.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017