214 E Chevy Chase Drive

Glendale, CA 91205

$4,400,000

List Price

18

bed Beds

16

shower Baths

10,674 sqft

straighten / sqft

1964

calendar_month Built

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.

Listing Information

List Price $4,400,000
Status Active
MLS 24470949
Type Residential Income
Year Built 1964
Lot Size 9,585
Structure Size 10,674
DOM 14
Courtesy Of Marcus & Millichap
Listing Agent Sevak Keshishian DRE#01887505
Co-Listing Agent ERNIE LOO DRE#01425787

Interior Features

Laundry Information
Location(s) In Garage
Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 16
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Sevak Keshishian, ERNIE LOO, Marcus & Millichap 818-212-2694. *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.