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214 E Chevy Chase Dr

Glendale CA 91205

5
5
9554 sq. ft.
Multi-Family
Currently for sale - view listing

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.

Features

5 bedrooms
5 bathrooms
9554 sq. ft. lot size
Multi-Family

Property history for 214 E Chevy Chase Dr

2014
Sold
$452,398
31 Jan 2014

Happy sellers in Glendale

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Local market activity for 5 bedroom multi families in Glendale

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Sales:
(619) 566-0008
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