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$4,400,000

Beds
18
sq ft
10,674

214 E Chevy Chase Dr, Glendale, CA 91205

214 E Chevy Chase Dr

Glendale, CA 91205

  • 13 days on market
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.

Details

Property type

Lot size

9,585 sq ft

Price per sq ft

$413

Year built

1964

HOA

No

Price History

11/26/2024
CLAW

CLAW #24470949

Listed
$4,400,000
-4.35%
09/08/2024
CRMLS

CRMLS #WS24138219

Removed
$4,600,000
07/21/2024
CRMLS

CRMLS #WS24138219

Price change
$4,600,000
-12.88%

Schools & Community

Neighborhood: 

Tropico

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:35 PM

Listing updated: 12/10/2024 at 11:05 AM

Listed by: Sevak Keshishian, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24470949

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