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Century 21 Realty Masters
809 E Chestnut Street, Glendale, CA 91205
- $2,700,000
- List Price
- $2,700,000
- Status
- ACTIVE
- MLS#
- BB26229723
- Year Built
- 1985
- Lot Size
- 6,838
- Acres
- 0.16
- Lot Location
- Near Park
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
Property Description
Presenting an exceptional investment opportunity in one of Glendale's most desirable rental submarkets. Built in 1985, this well-maintained 8-unit apartment complex offers a highly functional unit mix designed for strong tenant demand and steady rental income. Property highlights comprise of four (4) spacious 2-bedroom/2-bathroom units and four (4) 1-bedroom/1-bathroom units, appealing to a wide range of prospective renters. Capital Improvements include upgraded new silicone cool roof, enhancing energy efficiency and long-term durability. On-Site amenities feature a community washer and dryer facility providing convenient additional income. Parking advantages highlighted by an impressive 13 parking spaces available on-site—a rare and highly coveted feature in this prime rental area. All tenants are currently on month-to-month agreements, offering tremendous flexibility and upside potential for investors. Situated in a high-demand rental pocket, the property is just moments away from premier shopping, dining, and entertainment, including close proximity to the Americana at Brand and local dining districts.
Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Mountain(s)
- Exterior Construction
- Stucco, Wood Siding
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $196,678
- Operating Expense
- 41363
Listing courtesy of Listing Agent: Susan Featherly (susanfeatherly@gmail.com) from Listing Office: Better Homes and Gardens Real Estate Town Center.
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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.