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Listed by Melina Kalachian • Keller Williams Realty
$ 4,100,000
Est. payment /mo
New
214 E Chevy Chase Drive DR Glendale, CA 91205
9,554 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-24445
Year Built 1964
Lot Size 9,554 Sqft
Source California Regional MLS
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
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces, Covered Parking, Other
Garage Spaces 17.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 5640014011
Special Listing Condition Not Applicable
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