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Property Description

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 interior 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.

Features
: Wall Furnace
: Wall/window Unit(s)
2
: In Garage
0
Additional Information
Marcus & Millichap
0
CLW-C120853
CLW-X75151
Sevak
5640014011
: Standard
Multi/Split
32

Multi-Family For Sale

214 Chevy Chase Drive, Glendale, California 91205

10,674 Sqft
$4,400,000
Listing ID #24470949
Basic Details
Status : Active
DaysOnMarket : 14
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24470949
Price : $4,400,000
Living Area : 10,674 Sqft
Lot Size : 9,585 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : Glendale
Zipcode : 91205
Price Per Square Foot : $412
ModificationTimestamp : 2024-12-10 11:02:17
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