515 Chester Street, Glendale, CA 91203
- $3,050,000
- List Price
- $3,050,000
- Status
- ACTIVE
- MLS#
- GD26122130
- Year Built
- 1962
- Lot Size
- 7,492
- Acres
- 0.17
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 61
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Exceptional Glendale Income Property Opportunity! Well-maintained 8-unit apartment building located in a desirable Glendale neighborhood, offering approximately 5,404 square feet of living space on a spacious lot. The property features an attractive unit mix of six 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, providing strong rental appeal and diversification for investors. Several units showcase updated interiors with modern kitchens, upgraded flooring, fresh finishes, and abundant natural light. The property offers 10 community parking spaces, a valuable amenity for tenants, along with on-site common areas and convenient access throughout the building. Its attractive curb appeal, well-kept grounds, and functional layout make this a compelling investment opportunity in one of Glendale's most sought-after rental markets. Conveniently located near shopping, dining, entertainment, major transportation corridors, and employment centers, this income-producing asset presents excellent long-term upside potential for both seasoned and first-time multifamily investors. Don't miss the opportunity to acquire a quality apartment building in a high-demand rental location.
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Additional Information
- Appliances
- Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Open Floorplan, Quartz Counters, Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $209,892
- Operating Expense
- 66444
Listing courtesy of Listing Agent: Raffi Soualian (raffi@jhhre.com) from Listing Office: JohnHart Real Estate.
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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.