First Team Real Estate Logo

Glendale, CA 91205 508 S Chevy Chase Drive

$1,700,000

508 S Chevy Chase Drive Glendale, Ca - Image 1508 S Chevy Chase Drive Glendale, Ca - Image 2508 S Chevy Chase Drive Glendale, Ca - Image 3
4 more
508 S Chevy Chase Drive Glendale, Ca - Image 4508 S Chevy Chase Drive Glendale, Ca - Image 5508 S Chevy Chase Drive Glendale, Ca - Image 6508 S Chevy Chase Drive Glendale, Ca - Image 7508 S Chevy Chase Drive Glendale, Ca - Image 8
Presented By: Vahagn Stephen with Coldwell Banker Hallmark; SoldByVahagn@gmail.com
  • MLS# GD24015207
  • 01/24/2024
  • Request Tour
  • Request Info
  • BedBeds • 1
  • BathBaths • 1
  • FootageSQFT • 2,860
  • GarageGarage • 2

Home 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.
Presented By: Vahagn Stephen with Coldwell Banker Hallmark; SoldByVahagn@gmail.com

Interior Features for 508 S Chevy Chase Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesBath, Kitchen
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixDrive
Total Stories1

Other Rooms

Entry Level1

General for 508 S Chevy Chase Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityGlendale
Community FeaturesSidewalks
ContingencyMay do Exchange.
CountyLos Angeles
Days on Market99
DirectionsSouth of Colorado
Electric Expense250.0
Entry LocationDrive way
ExclusionsPer Leases
Fuel Expense20.0
Garage Spaces2.0
Garage Y/NYes
Gross Income5787.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense325.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsItem1031Exchange
Lot Size Square Feet7527.0
MLS Area628 - Glendale-South of 134 Fwy
MobileHomeRemainsYNNo
Net Operating Income5712.0
New ConstructionNo
Number of Units Leased4
Operating Expense738.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameChevy Chase
Tax Lot11
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent78000.0
Total Units4
Trash Expense98.0
UtilitiesOverheadUtilities
View Y/NNo
Water Sewer Expense450.0
Waterfront Y/NNo
Year Built1939
Year Built SourceAssessor
ZoningGLR4YY

Exterior for 508 S Chevy Chase Drive

Building Area Total2860.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsPer Leases
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Yard
Lot Size Acres0.1728
Lot Size Area7527.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,700,000
MLS#GD24015207
List Date 01/24/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 508 S Chevy Chase Drive

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors