214 E Chevy Chase Drive Drive

Property Overview
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 $246,875/unit, $370.06/SF, 5.87% CAP and 11.64 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.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1964
- Lot size
- 9,554 sq ft
- Parking
- 17 spaces
- Garage
- 17 spaces
- Stories
- 2.0
- Days on market
- 100
- MLS status
- Active
- Zoning
- Glr4yy
Features & Amenities
Appliances
- Gas Oven
- Gas Range
Parking
- Assigned
- Covered
- See Remarks
Pool
- None
Lot
- Front Yard
Community, Schools & Utilities
Community
- Subdivision
- Not Applicable
Utilities
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

