214 E Chevy Chase Drive Drive

Glendale , CA 91205

MLS#: P1-24445

$4,100,000

Status: Active
Listing number: P1-24445
Listing provided by: Keller Williams Realty
Listing agent phone: None
Last update: 19 days ago
On site: 20 days ago
Browse Properties
Not Applicable - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

N/A

We are pleased to present a great opportunity to purchase 16 units multifamily investment property in Glendale. Built in 1964, the property consists of great mix of (14) 1+1 and (2) 2+1.5 units, totaling approximately 10,674 sqft building size, situated on a 9,582 sqft lot. Priced at only $256,250/unit, $384/SF, 5.61% CAP and 12.08 GRM with current rents and 20% rental upside. Each unit is separately metered for gas and electricity, minimizing owner utility expenses. Additional amenities include 2 central water heaters, on-site laundry and 17 tenant storage cabinets. The property also provides 17 parking spaces, two of which have been converted into large owner's storage. Located minutes to The Americana on Brand and Downtown Glendale, in a great income-producing location.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    17

  • Parking

    Assigned, Covered, See Remarks

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Features

    Front Yard

  • Lot Size(acres)

    0.2193

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $4,100,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    9

  • Water Source

    Public

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Melina Kalachian , Keller Williams Realty

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We are pleased to present a great opportunity to purchase 16 units multifamily investment property in Glendale. Built in 1964, the property consists of great mix of (14) 1+1 and (2) 2+1.5 units, totaling approximately 10,674 sqft building size, situated on a 9,582 sqft lot. Priced at only $256,250/unit, $384/SF, 5.61% CAP and 12.08 GRM with current rents and 20% rental upside. Each unit is separately metered for gas and electricity, minimizing owner utility expenses. Additional amenities include 2 central water heaters, on-site laundry and 17 tenant storage cabinets. The property also provides 17 parking spaces, two of which have been converted into large owner's storage. Located minutes to The Americana on Brand and Downtown Glendale, in a great income-producing location.

214 E Chevy Chase Drive Drive

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