423 S Chevy Chase Dr - Apartments FOR SALE


Glendale, CA 91205- Mariposa
$1,195,000 USD
818-635-3500
423 S Chevy Chase Dr, Glendale, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

423 S Chevy Chase Dr
Glendale, CA 91205
Mariposa


HIGHLIGHTS

  • Existing duplex with two separate residential buildings on site.
  • Sale includes an adjacent residential vacant lot for added flexibility.
  • Combined land area of approximately 7,403 square feet across two parcels.
  • Opportunity to evaluate future redevelopment or expansion potential.
  • Located in Glendale with access to surrounding residential and commercial amenities.
  • Income-producing residential improvements already in place while exploring future uses.

OVERVIEW

DEVELOPMENT OPPORTUNITY IN GLENDALE – DUPLEX + ADJACENT VACANT LOT Prime opportunity for investors and developers in Glendale! Located at 423 S. Chevy Chase Drive, this property features an existing duplex consisting of two separate buildings, with each unit offering 2 bedrooms and 1 bathroom. The existing duplex sits on approximately 5,433 sq. ft. of land, and the sale also includes an adjacent approximately 2,000 sq. ft. residential vacant lot under a separate APN (5674-031-013). Combined, the parcels provide approximately 7,403 sq. ft. of land, offering an attractive opportunity for a buyer looking to explore the property's future development potential. The combination of an existing duplex and additional vacant residential land creates a unique opportunity for an investor or developer to evaluate various development strategies. The property may offer potential for additional units or redevelopment, subject to applicable zoning, density, development standards, parking requirements, setbacks, and approval from the appropriate governmental agencies. Conveniently located on Chevy Chase Drive near Adams Square, the property is situated in a desirable Glendale location with convenient access to local shops, restaurants, transportation, schools, and surrounding neighborhoods. Two parcels. Existing duplex. Additional vacant residential land. Approximately 7,403 sq. ft. of combined land. An excellent opportunity for investors and developers to explore the property's potential. Buyer to independently verify all information and conduct their own due diligence regarding zoning, permitted uses, development potential, allowable number of units, lot dimensions, square footage, parking requirements, building requirements, lot lines, and all other property-related matters. Seller and listing broker make no representations or warranties regarding future development potential or the number of units that may be constructed.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$840 USD /SF

# OF UNITS

2

PRICE/UNIT

$597,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

423 S Chevy Chase Dr, Glendale, CA 91205

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,403 SF

ZONING

GLR4YY

APN/PARCEL ID

5674-031-013,5674-031-015

ASK ABOUT THIS PROPERTY

Sean MadadianMagic RealtyMore Info
818-635-3500

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Sean MadadianMagic RealtyMore Info
818-635-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.