Glendale-Chevy Chase/E. Glenoaks (624) Homes with Apartment Subtype

Glendale-Chevy Chase/E. Glenoaks (624) Homes with Apartment Subtype

Welcome to the charming neighborhood of Glendale-Chevy Chase and E. Glenoaks, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community is renowned for its picturesque tree-lined streets, friendly atmosphere, and rich cultural heritage. With a blend of historical architecture and modern amenities, Glendale-Chevy Chase offers residents a unique living experience that perfectly balances urban convenience with suburban tranquility.

One of the standout features of this region is its diverse selection of homes, particularly those with apartment subtypes. Whether you’re seeking a cozy studio or a spacious multi-bedroom unit, you’ll find an array of options that cater to various lifestyles and budgets. Many of these apartments boast stunning views of the San Gabriel Mountains, providing a serene backdrop for your daily life.

The neighborhood is also conveniently located near major highways, making commuting to downtown Los Angeles or other parts of the city a breeze. Residents enjoy easy access to a plethora of shopping, dining, and entertainment options, including the popular Glendale Galleria and the Americana at Brand, where you can indulge in retail therapy or savor delicious cuisine.

Families will appreciate the top-rated schools in the area, along with numerous parks and recreational spaces, perfect for outdoor activities and community gatherings. Whether you’re a first-time homebuyer, a growing family, or looking to invest, Glendale-Chevy Chase and E. Glenoaks is an inviting community that offers a wonderful place to call home. Explore the possibilities today and discover your dream apartment in this delightful neighborhood!

Newest Glendale-Chevy Chase/E. Glenoaks (624) Homes with Apartment Subtype

$2,299,000
BB26104554 MLS ⋅ Active Under Contract Status
650 W Wilson Ave is an exceptionally rare 8-unit generational asset, offered for the first time ever in one of Glendale's most desirable rental pockets just steps from The Americana at Brand. What truly separates this opportunity is its immediate development potential. Both rear 1- bedroom units, that make up the back structure, will be delivered vacant, allowing a buyer to begin construction immediately after closing without the cost, delays, or uncertainty of tenant relocation. A contractor bid has already been completed to combine the two vacant units into a spacious 3 Bed / 3 Bath residence while adding an additional 3 Bed / 3 Bath ADU in the existing parking area. Buyers have the flexibility to either create two large 3 Bed / 3 Bath units or simply keep the existing 1-bedroom units and add a 9th unit, allowing them to tailor the project to their investment strategy while significantly increasing rental income. Unlike most value-add opportunities that require years of turnover, this project can begin on day one. Buyers also have the flexibility to complete only the ADU, only the conversion, or both projects depending on their investment strategy. Our team can also assist with project management using the same contractor who prepared the bid, creating a streamlined path from acquisition to completion. Beyond the development upside, the property offers strong in-place cash flow with a 5.80% current cap rate and a 7.26% pro forma, both calculated using real operating expenses and a 4% management fee. The six existing 2-bedroom units have seen numerous interior upgrades including cabinetry, countertops, flooring, and updated electrical panel breakers, minimizing future capital expenditures while providing additional rental upside. Combining an irreplaceable Glendale location, immediate income, and one of the easiest value-add opportunities currently available, 650 W Wilson represents a rare chance to acquire a true legacy asset with multiple paths to increasing long-term value.

650 W Wilson, Glendale
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.