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.
Property Details
Price:
$4,400,000
MLS #:
24470949
Status:
Active
Baths:
0
Address:
214 E Chevy Chase Drive
Type:
Residential Income
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Nov 26, 2024
State:
CA
ZIP:
91205
Lot Size:
9,585 sqft / 0.22 acres (approx)
Year Built:
1964
See this Listing
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Schools
Interior
Appliances
Disposal
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Covered
Parking Spots
17.00
Stories Total
2
Financial
Map
Community
- Address214 E Chevy Chase Drive Glendale CA
- Area628 – Glendale-South of 134 Fwy
- CityGlendale
- CountyLos Angeles
- Zip Code91205
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
214 E Chevy Chase Drive
Glendale, CA
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