Active
214 E Chevy Chase Dr
Glendale CA, 91205
$4,400,000
$412.22 per sqft
Active
18 Beds
16 Baths
10,674 sqft
Multi-family
Built in 1964
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.
24-470949
MLSⓇ ID
December 10, 2024
Listed
December 10, 2024
Updated
Map
214 E Chevy Chase Dr
Glendale CA, 91205
Interior Features
Total Stories
2
Bedrooms
18
Total Bathrooms
16
Appliances
Garbage Disposal
Laundry Description
Garage
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Area Name
Glendale-South of 134 Fwy
Days on Market
14
Garage
No
Parking
Covered Parking
Parking Total
17
View
No
County
Los Angeles
Pool
No
Zoning
R2250
Listed by Sevak Keshishian with Marcus & Millichap
Listing Contact: 818-726-0922
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alexander Madrigal | CA DRE# 01897853 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 12/10/2024