$4,100,000
Est. payment /mo
9,554 Sqft Lot
New
214 E Chevy Chase Drive Drive Glendale, CA 91205
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24445
Lot Size 9,554 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction On E Chevy Chase Dr between Glendale Ave. and Brand Blvd.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5640014011
Listed by Melina Kalachian Keller Williams Realty
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