Est. cap rate

3.1%

Assumed rent, all units

$6,180/mo

Units

2

Price per unit

$597,500

Est. annual NOI

$37,080

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

2

Building size

1,423 sqft

Lot size

7,403 sqft

Year built

1919

Stories

1

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

View

Mountain(s),City Lights

Status

Active

Days on market

44

MLS #

245838528

About this property

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.

Location

423 S Chevy Chase

Glendale, Los Angeles, CA, 91205