Homes for sale - 214 E Chevy Chase DR, Glendale, CA 91205

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$4,400,000

Est. payment - /mo

18 Beds

16 Baths

10,674 SqFt

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UPDATED:

12/10/2024 07:03 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,674 sqft

Price per Sqft $412

MLS Listing ID 24470949

Bedrooms 18

HOA Y/N No

Year Built 1964

Lot Size 9,583 Sqft

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.

Location

State CA

County Los Angeles

Area 628 - Glendale-South Of 134 Fwy

Zoning R2250

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal

Laundry In Garage

Exterior

Parking Features Covered

Total Parking Spaces 17

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5640014011

Special Listing Condition Standard

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Listed by Sevak Keshishian • Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

214 E Chevy Chase DR Glendale, CA 91205