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$ 4,400,000
Est. payment /mo
Active
214 E Chevy Chase Drive Glendale, CA 91205
10,674 SqFt
UPDATED:
12/10/2024 07:38 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,674 sqft
Price per Sqft $412
MLS Listing ID CL24470949
HOA Y/N No
Year Built 1964
Lot Size 9,585 Sqft
Acres 0.22
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 Listing
Zoning R225
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry In Garage
Building
New Construction No
Others
Tax ID 5640014011
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Listed by Sevak Keshishian • Marcus & Millichap