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

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Peter Lorimer

peter@plgestatesinc.com +1(310) 666-7383

$ 4,400,000

Est. payment | -/mo

18 Beds

16 Baths

10,674 SqFt

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$ 4,400,000

Est. payment | -/mo

Save

18 Beds

16 Baths

10,674 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,674 sqft

Price per Sqft $412

MLS Listing ID 24-470949

Bedrooms 18

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 Glendale-South Of 134 Fwy

Zoning R2250

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Garbage Disposal

Laundry Garage

Exterior

Parking Features Covered Parking

Garage Spaces 17.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

214 E Chevy Chase Dr Glendale, CA 91205