4052 Chevy Chase Drive,Los Angeles, CA 90039
Los Angeles, CA 90039
Description
4052 Chevy Chase Drive presents a well-maintained multifamily investment opportunity in a strong rental pocket of Los Angeles, just minutes from Glendale. Situated in a high-demand residential corridor with convenient freeway and retail access, the property offers an attractive unit mix, solid infrastructure upgrades, and long-term rental upside. The building features an efficient 8-unit mix consisting of 4 one-bedroom/one-bath units and 4 two-bedroom/one-bath units, appealing to a broad tenant base. This diverse configuration supports consistent occupancy in a market where well-located, moderately sized units remain in strong demand. Individually metered gas and electric service further enhances operational efficiency by minimizing owner utility expenses.Recent improvements and capital upgrades add to the property's stability and curb appeal. The building boasts new exterior paint, enhancing its street presence, along with soft-story seismic retrofitting completed, providing compliance and peace of mind for future ownership. A central water heater system supports operational efficiency, and on-site laundry facilities add convenience for tenants while generating potential ancillary income. The property also includes on-site parking, a highly valued amenity in this densely populated area.The location is a key highlight. With quick access to both the Interstate 5 and California State Route 134, tenants benefit from convenient connectivity to surrounding employment and lifestyle hubs. The property is a short distance from the Glendale Transportation Center, offering accessible public transit options. Major retail and entertainment destinations such as the Glendale Galleria are nearby, along with national retailers including Costco and The Home Depot, further enhancing tenant convenience and long-term rental appeal. With its strong Los Angeles location, completed seismic retrofit, desirable unit mix, and proximity to major retail and transit amenities, 4052 W Chevy Chase Drive represents a compelling multifamily investment opportunity offering both stability and upside potential in a proven rental market. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Details
| MLS # | 26659441 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 184 |
| Listing Provided By | Keller Williams Studio City | Michael Pesci |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 6,430 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR1 |
| Acreage | 0.16 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Parking
| Parking Features | Assigned |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | 606 Atwater |
| Listing VS Median (in 90039) | |
Price: $2,295,000 low | high Med: $1,149,000 sqft: 6,430 low | high Med: 1,290 $ / sqft: $357 low | high Med: $891 On site: 184 low | high Med: 67 | |
Market Activity 90039
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | 606 Atwater |
| Listing VS Median (in 90039) | |
Price: $2,295,000 low | high Med: $1,149,000 sqft: 6,430 low | high Med: 1,290 $ / sqft: $357 low | high Med: $891 On site: 184 low | high Med: 67 | |