214 E Chevy Chase Drive
214 E Chevy Chase Dr
Glendale, CA 92105
Active
16 Units

214 E Chevy Chase Dr, Glendale

214 E Chevy Chase Drive

Kalachian Investment Group is 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, 5.89% 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.

Property Details

Bedrooms18
Bathrooms18
Living Area10,674 sqft
Lot Size9,554 sqft
Year Built1964

Features

  • 16 Units
  • Built in 1964
  • 100% Occupied
  • 5.89% Current CAP
  • 12.08 Current GRM
  • 20% Rental Upside
  • Partial Copper Plumbing
  • On Site Laundry
  • Great Mix (14) 1BD/1Bath - (2) 2BD/1.5Bath
  • Separate Gas and Electric Meters
  • 2 Central Water Heaters
  • Great Glendale Rental Location
  • Minutes To The Americana On Brand & Downtown Glendale

Photos

Map

214 E Chevy Chase Dr
Glendale, CA 92105

Presented By

agent headshot
Melina Kalachian, MBA, CCIM
Title
Executive Vice President
Company
Kalachian Investment Group
Phone
818-522-1900
Email
melinakalachian@yahoo.com
License #
DRE#01877904
agent headshot
Vince Kalachian
Title
Executive Vice President
Company
Kalachian Investment Group
Phone
818-631-8855
Email
vincekalachian@yahoo.com
License #
DRE# 01172350

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214 E Chevy Chase Dr
Glendale, CA 92105
The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE. Each office is independently owned and operated.
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