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    1801 E Chevy Chase Drive

    Glendale, CA 91206
    • $2,535,000
    • STATUS: Active Under Contract
    • ON SITE: 12 days
    • ID#: 21694320
    Under Contract
    UPDATED: 75 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 2021-03-02T11:27:13.597. 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 Jett Real Estate Group | eXp Realty. Licensed in the State of California, USA.

    www.jettrealestate.com/homes/114309130
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    1801 E Chevy Chase Drive Glendale, CA 91206

    • Price: $2,535,000
    • Status: Active Under Contract
    • Updated: 75 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

    Lot Size Units Square Feet Parking Features None Parking YN No

    Interior Features

    Appliances RefrigeratorGas CooktopOven Appliances YN Yes Heating Central Heating YN Yes Laundry Features Community

    Property Features

    Country Us Gross Income 170638.00 Gross Multiplier 14.89 Gross Operating Income 600.00 Laundry YN Yes Net Operating Income 101473.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 64064.00 Vacancy Allowance Rate 0.00 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 2021-03-02T11:27:13.597. 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 Jett Real Estate Group | eXp Realty. Licensed in the State of California, USA.

     
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    Jett Real Estate Group | eXp Realty
    2603 Camino Ramon #200
    San Ramon CA, 94583