508 Chevy Chase dr, Glendale, CA 91205
Active
$1,800,000
4 Units
5 Beds
4 Baths
2,860 Area(sq.ft.)
Lot: 7,527 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,475 | $ 1,475 | $ 1,900 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,475 | $ 1,475 | $ 1,900 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,600 | $ 1,600 | $ 1,900 |
| Unit 4 | 1 | 2 | 1 | No | $ 1,900 | $ 1,900 | $ 2,400 |
| 4 | 5 | 4 | $ 6,450 | $ 6,450 | $ 8,100 |
| MLS #: | GD24015207IT |
| Days On Market: | 744 |
| Listing Date: | January 22, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 629 |
| Price per unit: | $ 450,000 |
| Year Built: | 1939 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 738 |
| Net Operating Income: | $ 5,712 |
| Actual Gross Rent: | $ 78,000 |
Structure
| Community Features: | Sidewalks |
| Sewer: | In Street Paid |
| Water: | Public |
Land & Parking
| Zoning: | GLR4YY |
| Land Lease Type: | Fee |
Interior
| Fireplace Rooms: | Bath, Kitchen |
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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