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214 Chevy Chase Drive Drive, Glendale, CA 91205
Priced at Only: $4,100,000
For more Information Call Mobile: 714.478.6676
Address: 214 Chevy Chase Drive Drive, Glendale, CA 91205
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  • MLS#: P1-24445 ( Apartment )
  • Street Address: 214 Chevy Chase Drive Drive
  • Viewed: 3
  • Price: $4,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 37
  • Additional Information
  • County: LOS ANGELES
  • City: Glendale
  • Zipcode: 91205
  • Subdivision: Not Applicable
  • Provided by: Keller Williams Realty
  • Contact: Melina Melina
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 $256,250/unit, $384/SF, 5.61% CAP and 12.08 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
Appliances
  1. Gas Oven
  2. Gas Range
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 10674.00
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Fencing
  1. None
Fireplace Features
  1. None
Fuel Expense
  1. 3246.00
Garage Spaces
  1. 17.00
Gardner Expense
  1. 1200.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 13841.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Community
  2. See Remarks
Laundry Income
  1. 600.00
Lockboxtype
  1. None
Lot Features
  1. Front Yard
Netoperatingincome
  1. 230040.00
Newtaxesexpense
  1. 49200.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 608.00
Otherexpensedescription
  1. Laundry Machine Expense
Parcel Number
  1. 5640014011
Parking Features
  1. Assigned
  2. Covered
  3. See Remarks
Pest Control Expense
  1. 0.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 8400.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. 2025100720121827926700...
Sourcesystemkey
  1. 20251007201218279267000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Totalexpenses
  1. 103109.00
Trash Expense
  1. 6777.00
View
  1. None
Water Sewer Expense
  1. 12537.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Public Records
Zoning
  1. Glr4yy
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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