Active
214 E Chevy Chase Drive
Glendale CA, 91205
$4,400,000
$412.22 per sqft
Active
18 Beds
16 Baths
10,674 sqft
Residential
Built in 1964
Listed by Sevak Keshishian with Marcus & Millichap 818-212-2694
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.
24470949
MLSⓇ ID
November 26, 2024
Listed
December 10, 2024
Updated
Map
214 E Chevy Chase Drive
Glendale CA, 91205
Interior Features
Total Stories
2
Bedrooms
18
Total Bathrooms
16
Appliances
Disposal
Laundry Description
In Garage
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Area Name
628 - Glendale-South of 134 Fwy
Days on Market
14
Garage
No
Parking
Covered
Parking Total
17
View
No
County
Los Angeles
Pool
No
Zoning
R2250
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/10/2024 at 7:41 PM UTC