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515 Chester St

Glendale, CA 91203
  • $2,795,000
  • STATUS: Active Under Contract
  • ON SITE: 85 Days
  • MLS #: 21-765842
Under Contract
UPDATED: 100 min ago
$2,795,000
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,404
    SQFT
  • $517
    $/SQFT
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. The current owner has completed extensive renovations to six of the apartment interiors, spending as much as $40,000 on an individual units upgrades.Remodeled apartments feature brand new wood flooring, new quartz countertops, new kitchen countertops and tile backsplashes, stainless steel appliances, new ceiling fans, recessed lighting, new bathroom vanities, and renovated showers. The plumbing within the property has been approximately 90% replaced with copper pipes. Tenants enjoy ample parking, with eight covered spaces and an additional four open spaces tandem to each front garage. The on-site laundry facilities are owned by the landlord, allowing the owner to enjoy an additional revenue stream.Located between San Fernando Road and Pacific Avenue, tenants enjoy convenient access to both The Pub at Golden Road Brewery and the numerous shops and restaurants along Pacific Avenue, Central Avenue, Brand Boulevard, and Broadway. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is mere blocks from the building.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-20T23:42:32.27. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/119770908
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515 Chester St Glendale, CA 91203

  • Price: $2,795,000
  • Status: Active Under Contract
  • Updated: 100 min ago
  • MLS #: 21-765842
10
Beds
0
Baths
0
½ Baths
0.17
Acres
5,404
SQFT
$517
$/SQFT
1962
Built
Neighborhood:
Glendale-South Of 134 Fwy
County:
Los Angeles
Area:
Glendale-South Of 134 Fwy
Property Description
The property sits approximately one mile from both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria. The current owner has completed extensive renovations to six of the apartment interiors, spending as much as $40,000 on an individual units upgrades.Remodeled apartments feature brand new wood flooring, new quartz countertops, new kitchen countertops and tile backsplashes, stainless steel appliances, new ceiling fans, recessed lighting, new bathroom vanities, and renovated showers. The plumbing within the property has been approximately 90% replaced with copper pipes. Tenants enjoy ample parking, with eight covered spaces and an additional four open spaces tandem to each front garage. The on-site laundry facilities are owned by the landlord, allowing the owner to enjoy an additional revenue stream.Located between San Fernando Road and Pacific Avenue, tenants enjoy convenient access to both The Pub at Golden Road Brewery and the numerous shops and restaurants along Pacific Avenue, Central Avenue, Brand Boulevard, and Broadway. The soon-to-be-completed multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is mere blocks from the building.
Exterior Features

Lot Size Area 7506 Other Structures None Parking Garage Garage Is Attached Total Parking 8

Interior Features

Baths Total 8.00 Cooling Ceiling Fan Equipment Other Heating Other

Property Features

Assessed Total Value 569395 Gross Income 172620 Gross Operating Income 169601 Like Units1 6 Like Units2 2 Net Operating Income 115097.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 54504 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Glr4yy

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-20T23:42:32.27. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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