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

Welcome to the enchanting neighborhood of Glendale-Chevy Chase/E. Glenoaks, a gem nestled in the heart of Los Angeles County, California. Known for its picturesque tree-lined streets and vibrant community spirit, this area beautifully blends suburban tranquility with urban convenience.

As you explore Glendale-Chevy Chase, you’ll discover a diverse array of homes that cater to various lifestyles, including charming residences with apartment subtypes. These homes offer the perfect opportunity for multi-generational living or investment potential, making them an attractive option for families and savvy investors alike. With spacious layouts and modern amenities, many of these properties provide flexible living arrangements, allowing for comfort and privacy.

The neighborhood is a haven for outdoor enthusiasts, featuring nearby parks and hiking trails that invite you to embrace nature. The iconic Brand Park, with its stunning gardens and picturesque views, is just a stone's throw away, providing an ideal backdrop for picnics and leisurely strolls. Additionally, the area boasts a rich cultural scene, with a variety of dining options, boutique shops, and entertainment venues that cater to all tastes.

Education is a priority in Glendale-Chevy Chase, with access to highly-rated schools that foster a nurturing environment for young minds. The community is well-connected, offering easy access to major freeways and public transportation, making commuting a breeze.

Whether you're looking to settle down in a cozy apartment-style home or seeking an investment opportunity, Glendale-Chevy Chase/E. Glenoaks is a neighborhood that promises a vibrant lifestyle filled with charm and convenience. Come and experience the warmth of this wonderful community!

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.