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    1801 E Chevy Chase Drive

    Glendale, CA 91206
    • $2,535,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 21694320
    UPDATED: 116 min ago
    $2,535,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,714
      SQFT
    • $444
      $/SQFT
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Well-maintained two-story building benefitting from a newly painted trim along with recently replaced windows throughout | Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents | 20% rental upside with additional income opportunities through bill-back of utilities | 100% occupied with all tenants paying rent Low expense burden should allow for positive cash flow on day one of ownership | Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/114309130
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    1801 E Chevy Chase Drive Glendale, CA 91206

    • Price: $2,535,000
    • Status: Active
    • Updated: 116 min ago
    • ID#: 21694320
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,714
    SQFT
    $444
    $/SQFT
    1948
    Built
    Neighborhood:
    624 - Glendale-Chevy Chase/E. Glenoaks
    County:
    Los Angeles
    Area:
    624 - Glendale-Chevy Chase/E. Glenoaks
    Property Description
    Well-maintained two-story building benefitting from a newly painted trim along with recently replaced windows throughout | Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents | 20% rental upside with additional income opportunities through bill-back of utilities | 100% occupied with all tenants paying rent Low expense burden should allow for positive cash flow on day one of ownership | Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents
    Exterior Features

    Parking Features None

    Interior Features

    Appliances Gas CooktopOvenRefrigerator Heating Central Heating YN Yes

    Property Features

    Gross Income 170638 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 101473 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Glr4*

    Listing provided courtesy of Jared Warren of Colliers International- Los Angeles


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592