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Chevy Chase Manor 719-729 E Chevy Chase Dr 20 Unit Apartment Building $5,500,000 ($275,000/Unit) 5% Cap Rate Glendale, CA 91205
Investment Highlights
- Stable 20-unit investment with a diversified mix of 1-, 2-, and 3-bedroom units.
- On-site laundry facilities and covered parking for each unit enhance tenant appeal.
- Convenient freeway access to I-5, 2, 134, and 210 provides strong connectivity.
- Recent upgrades include new roof, electrical panels, and repaved asphalt.
- Prime Glendale location near major Los Angeles employment and entertainment hubs.
- All offers subject to inspection. Do not disturb tenants. Do not walk property.
Executive Summary
Presenting an exceptional investment opportunity in Glendale, California, this 20-unit multifamily property is situated on a ±30,129 SF lot with a gross living area of ±19,001 SF. The unit mix includes eight one-bedrooms, ten two-bedrooms, and two three-bedrooms, each offering assigned covered parking and on-site laundry facilities. Recent capital improvements such as a new roof, updated electrical panels, subpanels, and repaved asphalt ensure long-term operational stability and reduced maintenance costs. Positioned in the desirable Chevy Chase Manor neighborhood, the property benefits from convenient access to major freeways, connecting residents to Downtown Los Angeles, Burbank, and Pasadena. Offering strong in-place income with value-add potential, this investment provides consistent cash flow and future upside.
All offers subject to inspection. Do not disturb tenants. Do not walk property.
All offers subject to inspection. Do not disturb tenants. Do not walk property.
Property Facts
| Price | $5,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $275,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Cap Rate | 5% | Building Size | 19,001 SF |
| Gross Rent Multiplier | 12.69 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | GLR4YY - High-density, Multi-family residential | ||
| Price | $5,500,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.69 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 19,001 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1/1,000 SF |
| Zoning | GLR4YY - High-density, Multi-family residential |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
Site Amenities
- Courtyard
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 677 |
| 2+1 | 10 | - | 860 |
| 3+1 | 2 | - | 1,200 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5676-005-016 | Improvements Assessment | $1,343,726 |
| Land Assessment | $3,135,369 | Total Assessment | $4,479,095 |
Property Taxes
Parcel Number
5676-005-016
Land Assessment
$3,135,369
Improvements Assessment
$1,343,726
Total Assessment
$4,479,095
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Chevy Chase Manor | 719-729 E Chevy Chase Dr
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