• 508 S Chevy Chase Drive Glendale, CA 91205

  • $1,700,000
  • 5
    Bed(s)
  • 4
    Baths
  • 2,860
    Sq Ft
  • 7527
    Sqft
  • Listed By: Vahagn Stephen, Coldwell Banker Hallmark, DRE #01152433
  • Source: CRMLS

Excellent opportunity to purchase a 4 unit apartment building with a significant upside in rental income. This 4 unit property is in the desirable southeast Glendale area. It provides a tremendous opportunity for an investor to acquire pride in ownership of an asset that has been professionally managed and cared for. As it’s the first time in the market after 24 years of ownership, The property is within a short distance to multiple bus stops located on Colorado, in addition to nearby retail shops and businesses. It provides tenants with ease of access to larger retail centers located at the Glendale Galleria, the Americana of Glendale, and Atwater Village. Tenants also have easy access and proximity to the 134 and 5 Freeways.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1058696890 1 2 1 0
2 1058696890 1 1 1 0
3 1058696890 1 1 1 0
4 1058696890 1 1 1 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Sewer Tap Paid

Interior Features

Fireplace: Bath,Kitchen

Fireplace

Fireplace Features: Bath,Kitchen

Has Fireplace: 1

Building Information

Year Built: 1939

Building Area Total: 2,860

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1728

Lot Size Source: Assessor

Lot Size Square Feet: 7527

Listing Price Information

Original List Price: 1,700,000

Listing Contract Date: 2024-01-22

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5680010003

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Active

Source Neighborhood: 628 - Glendale-South of 134 Fwy

Postal Code Plus 4: 4654

Directions: South of Colorado

Zoning: GLR4YY

Source Property Type: Residential Income

Area: 628 - Glendale-South of 134 Fwy

Property SubType: Quadruplex

Building and Construction

Property Age: 85

Common Walls: 1 Common Wall

Structure Type: Quadruplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: Drive way

Property Attached: Yes

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
423 E Harvard Street, Glendale, CA,91205 $1,850,000 3 -- 1,732 5425 Sqft
311 E Maple Street, Glendale, CA,91205 $2,950,000 -- -- 7,099 8752 Sqft
1118 E Palmer Avenue #114, Glendale, CA,91205 $489,000 1 1 620 42145 Sqft
118 S Kenwood Street #405, Glendale, CA,91205 $969,000 2 2 1,203 15073 Sqft
1538 E Broadway, Glendale, CA,91205 $1,200,000 2 2 1,368 7485 Sqft
1534 E Broadway, Glendale, CA,91205 $1,100,000 3 1 1,066 7490 Sqft
524 E Acacia Avenue, Glendale, CA,91205 $3,500,000 -- -- 8,080 7970 Sqft
421 E Acacia Avenue, Glendale, CA,91205 $2,870,000 16 -- 6,206 10211 Sqft
404 Lincoln Avenue, Glendale, CA,91205 $5,995,000 -- -- 13,176 11905 Sqft
327 S Madison Way, Glendale, CA,91205 $3,650,000 16 -- 11,305 10304 Sqft

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ByOwner last updated this listing 05/08/2024 @ 19:08

MLS: GD24015207
LISTED BY: Vahagn Stephen, Coldwell Banker Hallmark
SOURCE: CRMLS
Buyer Agency Compensation: 2.75%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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