214 E Chevy Chase Drive, Glendale, CA 91205
-
Listed Price :
$4,400,000
-
Beds :
18
-
Baths :
16
-
Property Size :
10,674 sqft
-
Year Built :
1964
Property Description
We are pleased to present Chevy Chase Manor, a sixteen unit multifamily investment opportunity located in the Tropico neighborhood of South Glendale. This well-maintained asset will provide the next investor with roughly 36% in rental upside that can be captured through the implementation of an interior and exterior renovation program. Constructed in 1964, Chevy Chase Manor comprises fourteen one bedroom/one-bathroom units and two two-bedroom/one-and-half bathroom units. Sitting on a 9,582 square foot lot, this 10,674 square foot building boasts average unit sizes of roughly 667 square feet. All units have separate meters for gas and electricity. There is on-site laundry at the garage, two central hot water heaters, and seventeen tenant storage cabinets. The property offers seventeen parking spaces, two of which have been converted into large owner's storage units, and fire sprinklers throughout the parking lot. The property is zoned R2250,making the existing sixteen units irreplaceable with the current zoning. This is truly the highest and best use for this parcel.
Interior Features
| Laundry Information |
| Location(s) |
In Garage |
| Bedroom Information |
| Bedrooms |
18 |
| Bathroom Information |
| Bathrooms |
16 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
214 E Chevy Chase Drive |
| City |
Glendale |
| State |
CA |
| Zip |
91205 |
| County |
Los Angeles |
| Listing Agent |
Sevak Keshishian DRE #01887505 |
| Co-Listing Agent |
ERNIE LOO DRE #01425787 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$4,400,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
10,674 |
| Lot Size |
9,585 |
| Year Built |
1964 |
Listing information courtesy of: Sevak Keshishian, ERNIE LOO, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 10th, 2024 at 7:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
