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    1801 E Chevy Chase Dr

    Glendale, CA 91206
    • $2,535,000
    • STATUS: Active Under Contract
    • ON SITE: 78 days
    • MLS #: 21-694320
    Under Contract
    UPDATED: 50 min ago
    $2,535,000
    • 12
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,714
      SQFT
    • $444
      $/SQFT
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Well-maintained two-story building benefitting from a newly painted trim along with recently replaced windows throughout | Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents | 20% rental upside with additional income opportunities through bill-back of utilities | 100% occupied with all tenants paying rent Low expense burden should allow for positive cash flow on day one of ownership | Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-07T18:42:54.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/114307329
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    1801 E Chevy Chase Dr Glendale, CA 91206

    • Price: $2,535,000
    • Status: Active Under Contract
    • Updated: 50 min ago
    • MLS #: 21-694320
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,714
    SQFT
    $444
    $/SQFT
    1948
    Built
    Neighborhood:
    Glendale-Chevy Chase/E. Glen Oaks
    County:
    Los Angeles
    Area:
    Glendale-Chevy Chase/E. Glen Oaks
    Property Description
    Well-maintained two-story building benefitting from a newly painted trim along with recently replaced windows throughout | Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents | 20% rental upside with additional income opportunities through bill-back of utilities | 100% occupied with all tenants paying rent Low expense burden should allow for positive cash flow on day one of ownership | Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents
    Exterior Features

    Lot Size Area 7694 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 12.00 Cooking Appliances Cooktop - GasOven Cooling Wall Unit(S) Equipment RefrigeratorWasherDryerRange/Oven Heating Central Laundry Community

    Property Features

    Assessed Total Value 199796 Gross Income 170638 Gross Operating Income 600 Like Units1 11 Like Units2 1 Net Operating Income 101473.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 64064 Type Of Units Studio Year Built Source Vendor Enhanced Zoning Glr4*

    Listing provided courtesy of Jared Warren DRE# of Colliers International- Los Angeles.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-07T18:42:54.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Palm Desert CA, 92211