214 Chevy Chase Drive, Glendale, CA 91205
  • MLS#: 24470949 ( )
  • Street Address: 214 Chevy Chase Drive
  • Viewed: 5
  • Price: $4,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 54
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91205
  • Provided by: Marcus & Millichap
  • Contact: Sevak Sevak
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Disposal
Building Area Total
  1. 10674.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. In Garage
Laundry Income
  1. 960.00
Levels
  1. Multi/Split
Netoperatingincome
  1. 196982.00
Parcel Number
  1. 5640014011
Parking Features
  1. Covered
Sourcesystemkey
  1. 24-470949:CLAW
Totalexpenses
  1. 114602.00
Year Built
  1. 1964
Zoning
  1. R2250