1/67

Listed by Sevak Keshishian - DRE #01887505 - Marcus & Millichap 818-212-2700 Listing Courtesy of: DRE #01425787

$4,400,000

Calculate Payment

214 Chevy Chase Drive Glendale, CA 91205

Cluster Residence

18 Beds

16 Baths

10,674 Sq. Ft.

0.22 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 1/7/2025 3:16 AM

Listing Details

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 inte...rior 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. Continue reading

MLS#

24470949

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1964

Square Feet

10,674 sq. ft

Lot Size