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508 S Chevy Chase Drive

Glendale, CA 91205
  • $1,600,000
  • STATUS: Active Under Contract
  • ON SITE: 145 Days
  • ID#: GD24015207
Under Contract
UPDATED: 172 min ago
$1,600,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Vahagn Stephen of Coldwell Banker Hallmark (818-476-3000)


Description

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 its 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T18:30:04.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/146916368
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508 S Chevy Chase Drive Glendale, CA 91205

  • Price: $1,600,000
  • Status: Active Under Contract
  • On Site: 145 Days
  • Updated: 172 min ago
  • ID#: GD24015207
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1939
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property Description
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 its 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.
Exterior Features

Entry Level 1 Entry Location Drive way Lot Features PavedYard Number Of Separate Electric Meters 5 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Fireplace Features BathKitchen Fireplace YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency May do Exchange. Electric Expense 250 Exclusions Per Leases Fuel Expense 20 Garage YN Yes Gross Income 5787 Gross Scheduled Income 6900 Inclusions Per Leases Insurance Expense 325 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 5712 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 738 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 78000 Trash Expense 98 Utilities Overhead Utilities Water Sewer Expense 450 Water Source Public Zoning GLR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T18:30:04.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Vahagn Stephen of Coldwell Banker Hallmark (818-476-3000)