214 E Chevy Chase Dr, Glendale, CA 91205
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214 E Chevy Chase Dr, Glendale, CA 91205
214 E Chevy Chase Dr, Glendale, CA 91205
214 E Chevy Chase Dr, Glendale, CA 91205
214 E Chevy Chase Dr, Glendale, CA 91205
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Ayssa Escalante

Ayssa Escalante

+1(310) 728-0795
$ 4,100,000
Est. payment /mo
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214 E Chevy Chase Dr Glendale, CA 91205

18 Beds

18 Baths

10,674 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,674 sqft

Price per Sqft $384

MLS Listing ID 26874227

Bedrooms 18

Year Built 1964

Lot Size 9,553 Sqft

Acres 0.22

Property Sub-Type Multi-Family

Property Description

Situated near the intersection of Brand Boulevard and Chevy Chase Drive, the building grants tenants convenient access to Glendale's numerous amenities, including the nearby Americana at Brand and the Glendale Galleria, each within one mile. Due to the fact that the property is subject only to AB 1482, a new owner may be able to recapture the rent upside and keep pace with improving rent growth via higher allowable annual rent increases, when compared with other assets subject to Los Angeles City rent control. The plumbing system has already been upgraded with copper pipes, and the property also does not appear on the Seismic Retrofit List, saving a new owner from an otherwise significant capital expense (Buyer to verify). A large on-site storage unit could potentially be converted to an ADU (Buyer to verify), adding significant value in a high-demand rental submarket. The property benefits from its proximity to the high-end shopping and dining destinations nearby -- notably the Americana at Brand and the Glendale Galleria -- while providing tenants with a more peaceful and serene atmosphere near the Adams Hill neighborhood, removed from the densely urban neighborhood in Downtown Glendale. Residents also enjoy access to the nearby boutiques, coffee shops, and restaurants in historic Adams Square, just blocks from the property. 9

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4YY

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
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Listed by Marcus & Millichap
Ayssa Escalante

Ayssa Escalante

Broker Associate | License ID: 01215536

+1(310) 728-0795

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214 E Chevy Chase Dr