508 S Chevy Chase Drive Glendale, CA ^$ 1,700,000

508 S Chevy Chase Drive

^$ 1,700,000

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508 S Chevy Chase Drive

Glendale, CA, 91205

^$ 1,700,000

Bedrooms1 Baths1.0 Sq 2,860

Monthly Estimate*

^$ 11,875

Listed by Coldwell Banker Hallmark

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 1

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 2

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 3

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 4

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 5

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 6

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 7

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 8

508 S Chevy Chase Drive, Glendale, CA 91205 - Image 9

Multi-Family Home for sale in Glendale, CA

for $1,700,000 with 1 bedroom and 1 full bath. This 2,860 square foot home was built in 1939 on a lot size of 0.1728.

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.

Multi-Family Active

Price

^$ 1,700,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1728

Year Built

1939

Town/City

Glendale

County/Region

Los Angeles

MLS | Web ID

GD24015207

Days on Market

102

Features

General

Sewer SewerTapPaid

Utilities OverheadUtilities

Zoning GLR4YY

HOA 0.0

Garage Spaces 2.0

Pool Features None

Exclusions Per Leases

Year Built 1939

Tenant Pays CableTV Electricity Gas

Stories 1

Levels One

Property SubType Quadruplex

Gross Income 5787.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 5712.0

Operating Expense 738.0

Insurance Expense 325.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency May do Exchange.

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions South of Colorado

City Glendale

Entry Location Drive way

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area 628 - Glendale-South of 134 Fwy

Lot Size Square Feet 7527.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 4

Street Name Chevy Chase

Listing Terms Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 250.0

Home Warranty Y/N N

Fuel Expense 20.0

Trash Expense 98.0

Water Sewer Expense 450.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 99

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 11

Total Actual Rent 78000.0

Property Sub Type Additional Quadruplex

Exterior

Lot Features Paved Yard

Water Source Public

Total Parking 2.0

Inclusions Per Leases

Lot Size Area 7527.0

Number of Buildings 2

Spa N

Building Area Total 2860.0

Lot Size Acres 0.1728

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features Bath Kitchen

Total Stories 1

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N Y

Street Suffix Drive

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 508

* Excluded Features

List By

Coldwell Banker Hallmark

Broker

(818) 246-3839

Phone

Affordability Calculator

$11,875

Per Month

Monthly Principal & Interest: $11,875
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendale, CA

Average List Price ^$3,732,482

Percent of Sale Price 120%

About Glendale, CA

199,017 Population

2% Since 2002

^$61,015 Median Income

42.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2024	$1,700,000	-5.56%	Price Down
1/25/2024	$1,800,000		Listed Price

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508 S Chevy Chase Drive, Glendale, CA, 91205 is a Multi-Family Home for sale at $1,700,000 with 2,860 sqft and a lot size of 0.1728. 508 S Chevy Chase Drive has 1 bedrooms, 1.0 baths, and was built in 1939. The property's zip code is 91205 which is in Glendale, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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508 S Chevy Chase Drive

Multi-Family Home for sale in Glendale, CA

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