214 E Chevy Chase Drive DR, Glendale, CA 91205

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Juan Oropeza

juan@juanorealtor.com +1(818) 941-0721

$ 4,100,000

Est. payment | -/mo

9,552 Sqft Lot

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$ 4,100,000

Est. payment | -/mo

Save

9,552 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-24445

HOA Y/N No

Year Built 1964

Lot Size 9,552 Sqft

Property Sub-Type Apartment

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

Area 628 - Glendale-South Of 134 Fwy

Zoning Glr4yy

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Common Area, See Remarks

Exterior

Parking Features Assigned, Covered, See Remarks

Garage Spaces 17.0

Garage Description 17.0

Fence None

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 17

Private Pool No

Building

Lot Description Front Yard

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 5640014011

Energy Description 3246.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Melina Kalachian Keller Williams Realty

214 E Chevy Chase Drive DR Glendale, CA 91205