214 East Chevy Chase Drive
$4,400,000
18
16
10,674
10,674
$412
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...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.
- Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap
- Listed by ERNIE LOO • DRE #01425787 • ERNIE LOO
Property Details for 214 East Chevy Chase Drive
Zoning
R2250
Parcel Number5640014011
Total Units16.0
Living Area10674
Source Living AreaVendor Enhanced
AreaGlendale-South of 134 Fwy (628)
Vacancy RateNo
Lot Size Area9585
LISTING UPDATED: 12/10/2024 10:33 AM
Property Details for 214 East Chevy Chase Drive
Status | Active |
---|---|
MLS # | 24-470949 |
Days on Market | 25 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.22 AC / 9,585 SF |
County | Los Angeles County |
Building Information for 214 East Chevy Chase Drive
Stories2Residences-Year Built1964Building Size-Lot Size0.22 AC / 9,585 SF
Property Information for 214 East Chevy Chase Drive
Property History for 214 East Chevy Chase Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 214 East Chevy Chase Drive
Taxable ValueLand$1,201,823Additions$1,682,553Total$2,884,376
Tax Record2024$32,731 ($2,728 / month)
Home Facts
Total Finished SqFt10,674 SqFtAbove Grade Finished SqFt10,674 SqFtLot Size9,582 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningGLR4YYCountyLOS ANGELESAPN5640-014-011
Schools near 214 East Chevy Chase Drive
This home is within Glendale Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Horace Mann Elementary School PublicK to 5 | ||
Theodore Roosevelt Middle School Public6 to 8 | ||
Glendale High School Public9 to 12 | ||
Thomas Edison Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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