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421 Chevy Chase Drive
Glendale, CA 91205
Sold
421 Chevy Chase Drive
Glendale, CA 91205
Sold
421 E Chevy Chase Dr is a charming 5-unit property with major value-add potential in prime Glendale for an unheard-of price of $1,250,000! A price per door of only $250,000 is awe-inspiring, making this a deal you won’t find again anytime soon! With the possibility of an ADU, this building offers buyers major opportunity for growth. 421 E Chevy Chase Dr boasts a better price per unit, GRM and cap rate than all its Glendale comps. The property, which is situated on a corner lot, is made up of five one bedroom, one bathroom units, one of which is vacant. The current cap rate is 4.49% (well above the comps) and there is huge upside potential. We project a very conservative pro forma cap rate of 5.70%. These units are located less than a mile from the vibrant Glendale Galleria and the upscale Americana at Brand, two iconic shopping destinations in Glendale that offer an abundance of high-end boutiques and gourmet restaurants that will have tenants flocking to your doors for years to come. It is also just a short drive from many conveniences such as Target, Whole Foods, Trader Joes, Costco and much more. The property boasts other notable features including: seven parking spots (two located in a carport) and character wood-beamed ceilings that make the units appear extremely spacious! This is a dream opportunity for experienced or entry level investors to purchase an incredibly well-priced deal that won’t empty your pockets. Sit back and collect rent from quiet, friendly tenants!
PROPERTY INFORMATION
| MLS # | BB23125793 | Lot Size | 4,002 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,250,000
Price Per SqFt: $ 645 |
DOM | 682 Days |
| Address | 421 Chevy Chase Drive | Type | Residential Income |
| City | Glendale | Sq.Ft. | 1,938 Sq. Ft. |
| Postal Code | 91205 | Garage | 2 |
| County | Los Angeles | Year Built | 1958 |
| Bed / Bath | 5 / 0 | Parking | 7 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2023-08-02 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Electric Oven, Refrigerator |
| InteriorFeatures Information | Beamed Ceilings |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,333
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2023 | Sold | $1,375,000 |
| 07/24/2023 | Pending | $1,250,000 |
| 07/13/2023 | Listed | $1,250,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
