Property Details
About this Property
421 E Chevy Chase Dr is a charming 5-unit property with major value-add potential in prime Glendale for an unheard-of price of $1,250,000! A price per door of only $250,000 is awe-inspiring, making this a deal you won’t find again anytime soon! With the possibility of an ADU, this building offers buyers major opportunity for growth. 421 E Chevy Chase Dr boasts a better price per unit, GRM and cap rate than all its Glendale comps. The property, which is situated on a corner lot, is made up of five one bedroom, one bathroom units, one of which is vacant. The current cap rate is 4.49% (well above the comps) and there is huge upside potential. We project a very conservative pro forma cap rate of 5.70%. These units are located less than a mile from the vibrant Glendale Galleria and the upscale Americana at Brand, two iconic shopping destinations in Glendale that offer an abundance of high-end boutiques and gourmet restaurants that will have tenants flocking to your doors for years to come. It is also just a short drive from many conveniences such as Target, Whole Foods, Trader Joes, Costco and much more. The property boasts other notable features including: seven parking spots (two located in a carport) and character wood-beamed ceilings that make the
MLS Listing Information
MLS #
CRBB23125793
MLS Source
California Regional MLS
Interior Features
Appliances
Oven - Electric
Laundry
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 2 Car(s)
Contact Information
Listing Agent
Elizabeth Maddox
The 2-4 Unit Specialists
License #: 01921425
Phone: –
Co-Listing Agent
Ian Maddox
License #: 02030205
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
421 E Chevy Chase Dr is a Residential Income in Glendale, CA 91205. This – square foot property sits on a 4,002 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,375,000 and was built in 1958. This address can also be written as 421 E Chevy Chase Dr, Glendale, CA 91205.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Elizabeth Maddox
