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4129 Chevy Chase Dr 3,605 SF 100% Leased Retail Building Los Angeles, CA 90039 $1,885,000 ($522.88/SF)
Investment Highlights
- Excellent owner/user opportunity in Atwater Village
- ±3,605 SF building on a ±7,000 SF Lot
- Front commercial unit and Unit 4131 Chevy Chase Dr. delivered vacant at COE
- Ideally located on the border of Atwater Village and Glendale
- (1) commercial unit + (2) residential units. All structures are detached from one another
- The entire property underwent an extensive renovation, completed in 2024
Executive Summary
The Dilanian Commercial Group of RE/MAX Commercial & Investment Realty is pleased to present 4129 Chevy Chase Drive, a mixed-use investment opportunity located in the heart of Atwater Village, directly bordering the City of Glendale.
Ideal property for owner-user, for Live+Work+Rental Income, to operate business in front commercial space, live in detached dwelling, and rent rear detached ADU. Rear ADU currently is rented by residential tenant; front commercial space and middle detached dwelling to be delivered vacant to buyer. Front commercial unit is allowed for general retail commercial use, formerly a mini-market through 2021, rehabilitated extensively by seller with flex-space and roof deck addition, permits from 2023-2024, and currently used as auxiliary office space.
Detached dwelling was formerly a 1-bedroom bungalow, extensively remodeled with permitted addition to 2-bedroom unit with private yard.
Detached garage in rear converted to 1-bedroom large ADU unit, with permitted addition, private yard. Gated secure property, camera system of entire property for security. Gated secured parking for up to 4 vehicles.
All permits pertaining to 2023-2024 extensive remodeling and additions, approved plans for construction, and current Certificates of Occupancy are available and can be shared with interested buyers.
Please contact listing agent to schedule a tour of the property and facilities.
**All offers must be submitted on a C.A.R. Commercial contract along with a POF & SREO**
Ideal property for owner-user, for Live+Work+Rental Income, to operate business in front commercial space, live in detached dwelling, and rent rear detached ADU. Rear ADU currently is rented by residential tenant; front commercial space and middle detached dwelling to be delivered vacant to buyer. Front commercial unit is allowed for general retail commercial use, formerly a mini-market through 2021, rehabilitated extensively by seller with flex-space and roof deck addition, permits from 2023-2024, and currently used as auxiliary office space.
Detached dwelling was formerly a 1-bedroom bungalow, extensively remodeled with permitted addition to 2-bedroom unit with private yard.
Detached garage in rear converted to 1-bedroom large ADU unit, with permitted addition, private yard. Gated secure property, camera system of entire property for security. Gated secured parking for up to 4 vehicles.
All permits pertaining to 2023-2024 extensive remodeling and additions, approved plans for construction, and current Certificates of Occupancy are available and can be shared with interested buyers.
Please contact listing agent to schedule a tour of the property and facilities.
**All offers must be submitted on a C.A.R. Commercial contract along with a POF & SREO**
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,605 SF
Building Class
C
Year Built/Renovated
1923/2024
Price
$1,885,000
Price Per SF
$522.88
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.16 AC
Zoning
R1-1-RIO
Parking
3 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
50’ on Chevy Chase
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5593-025-011 | Improvements Assessment | $162,364 |
| Land Assessment | $838,884 | Total Assessment | $1,001,248 |
Property Taxes
Parcel Number
5593-025-011
Land Assessment
$838,884
Improvements Assessment
$162,364
Total Assessment
$1,001,248
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4129 Chevy Chase Dr