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421 E Chevy Chase Dr
Glendale, CA 91205
MAJOR VALUE ADD OPPORTUNITY, GLENDALE 5-UNIT · Multifamily Property For Sale
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5 Units
Investment Highlights
- Impossibly rare opportunity to purchase a five unit for only $1,250,000 in Glendale
- Current cap rate of 4.49% and significant upside: pro forma cap rate of 5.70%. 1 unit vacant: immediate opportunity!
- One mile from the iconic Americana at Brand & Glendale Galleria
- BEST PRICE PER DOOR IN THE AREA AT ONLY $250,000
- VALUE ADD OPPORTUNITY with two units still needing upgrades and possible ADU conversion of the 2-car garage
- Significantly better price per unit, GRM and cap rate than the sales comps in Glendale
Property Facts
| No. Units | 5 | Building Size | 2,932 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 2.39/1,000 SF |
| Lot Size | 0.09 AC | ||
| Zoning | GLR4YY | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,932 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | GLR4YY |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,218 | 316 - 422 |
Property Taxes
| Parcel Number | 5676-008-010 | Improvements Assessment | $402,900 |
| Land Assessment | $999,600 | Total Assessment | $1,402,500 |
Property Taxes
Parcel Number
5676-008-010
Land Assessment
$999,600
Improvements Assessment
$402,900
Total Assessment
$1,402,500
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