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1140 E Chevy Chase Dr 4,821 SF 100% Leased Office Building Glendale, CA 91205 $3,100,000 ($643.02/SF) 2.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Commercial and Residential
EXECUTIVE SUMMARY
WHY RENT WHEN YOU CAN OWN YOUR OWN BUILDING! Turn-key Dental office occupies the commercial spaces. This exceptional mixed-use property offers a unique investment opportunity, combining a thriving Dental office with six multi-family residential units. Located in the City of Glendale, this property benefits from a desirable location, stable income streams, and potential for long-term appreciation. A well-established dental practice occupies the commercial space. There are 2 unit commercial space. The Dental office is also for sale and features 3 dental chairs, actively in operation. It is still a busy practice and business.
The combination of Commercial and Residential uses creates a synergistic effect, enhancing th overall value and appeal of the property. With a stable Dental office and six residential units, this property offers a consistent and diversified income stream. Price is still negotiable.
Call Marlene at 818-450-9704 for more information.
The combination of Commercial and Residential uses creates a synergistic effect, enhancing th overall value and appeal of the property. With a stable Dental office and six residential units, this property offers a consistent and diversified income stream. Price is still negotiable.
Call Marlene at 818-450-9704 for more information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$154,164
|
$31.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,708
|
$1.60
|
| Effective Gross Income |
$146,456
|
$30.38
|
| Taxes |
$17,000
|
$3.53
|
| Operating Expenses |
$51,000
|
$10.58
|
| Total Expenses |
$68,000
|
$14.10
|
| Net Operating Income |
$78,456
|
$16.27
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $154,164 |
| Annual Per SF | $31.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,708 |
| Annual Per SF | $1.60 |
| Effective Gross Income | |
|---|---|
| Annual | $146,456 |
| Annual Per SF | $30.38 |
| Taxes | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $3.53 |
| Operating Expenses | |
|---|---|
| Annual | $51,000 |
| Annual Per SF | $10.58 |
| Total Expenses | |
|---|---|
| Annual | $68,000 |
| Annual Per SF | $14.10 |
| Net Operating Income | |
|---|---|
| Annual | $78,456 |
| Annual Per SF | $16.27 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,821 SF
Building Class
C
Year Built
1946
Price
$3,100,000
Price Per SF
$643.02
Cap Rate
2.77%
NOI
$85,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,821 SF
Building FAR
0.38
Lot Size
0.29 AC
Zoning
GLC3* - Zone for commercial and residential.
Parking
6 Spaces (1.24 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Storage Space
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Daniel T. Estacio DDS
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Daniel T. Estacio DDS | Health Care and Social Assistance | - | - | - |
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5676-001-007 | Total Assessment | $1,571,557 (2025) |
| Land Assessment | $1,366,579 (2025) | Annual Taxes | $17,000 ($3.53/SF) |
| Improvements Assessment | $204,978 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5676-001-007
Land Assessment
$1,366,579 (2025)
Improvements Assessment
$204,978 (2025)
Total Assessment
$1,571,557 (2025)
Annual Taxes
$17,000 ($3.53/SF)
Tax Year
2024
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1140 E Chevy Chase Dr
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