423 -427 S Chevy Chase Drive, Glendale, California 91205, Glendale, 91205 - 4 bed, 2 bath

423 -427 S Chevy Chase Drive, Glendale, California 91205 home-pic-0
ACTIVE$1,195,000
423 -427 S Chevy Chase Drive, Glendale, California 91205
4Beds
2Baths
1,423Sqft
5,435Lot
Year Built
1919
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$840
HOA
-
Days on market
-
Sold On
-
MLS number
GD25041941
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(57th), sqft - 1423(14th), beds - 4(71th), baths - 2(57th).

Discover a rare investment opportunity in a thriving area in the heart of Glendale. This property comes with incredible potential for investors or owners looking to live in one and maximize rental income by adding units on the empty lot. This duplex- 2 separate addresses, 423 and 427 S Chevy Chase Dr., comes with a combined square footage of 1,423 and lot size of 5,433 and is being sold together with an empty lot behind the property. It has a separate APN, with 1,969 additional square feet and zoned GLR4. Duplex is zoned GLR4YY. Each unit has 2 bedrooms, 1 bath and with its own laundry hook up. Wall unit air conditioning with a shared open space for parking in the back of the units that can accommodate up to 4 to 5 cars total. Each unit has its own entrance and exit on Chevy Chase street. Going through separate driveways, it leads to an open area in the back of the units that serves as parking for the tenants. If you are an investor seeking a valuable addition to your portfolio or looking for something with rental potentials, this property checks all the boxes. This is a rare offering in a most sought after neighborhood of Glendale where you are close to everything. Close proximity to the Glendale Americana and Galleria, situated within close driving distance of a popular retail hub, offering convenient access to a wide variety of shops, restaurants, bars and entertainment options. Property is sold AS IS. The information provided here is deemed to be reliable but not guaranteed. It is the responsibility of the buyer and their agent to conduct their own diligence and research to satisfy themselves with the accuracy of the information provided. BOM pending current escrow cancellation- nothing wrong with the property. Buyer failed to secure a loan.

Condition Rating
Poor

Built in 1919, this property is extremely dated and requires substantial rehabilitation. The kitchens feature very old cabinets, laminate countertops, and outdated white appliances, along with linoleum/vinyl flooring. Bathrooms are similarly outdated with old vanities, fixtures, and tile surrounds. Cooling is limited to inefficient wall unit air conditioning. While the hardwood floors in living areas and bedrooms appear original, the overall condition of major systems (electrical, plumbing, HVAC) is likely past its useful life given the age and the 'AS IS' sale condition. This property needs significant investment to bring it to modern standards.
Pros & Cons

Pros

Development & Income Potential: Includes a duplex with favorable GLR4YY zoning and an additional 1,969 sqft empty lot (separate APN, GLR4 zoned), offering significant potential for expansion, additional units, and maximized rental income.
Prime Glendale Location: Situated in a highly desirable, thriving area of Glendale, providing excellent access to major retail, dining, and entertainment hubs like the Americana and Galleria.
Dual Income Streams: A duplex configuration with two separate 2-bedroom, 1-bathroom units, each featuring independent entrances, driveways, and laundry hook-ups, ensuring immediate rental income and tenant privacy.
Ample Off-Street Parking: Offers a shared open space capable of accommodating 4-5 vehicles, a valuable amenity in an urban setting.
Favorable Zoning for Growth: Both the existing duplex and the additional lot benefit from GLR4/GLR4YY zoning, supporting multi-family development and future value appreciation.

Cons

As-Is Sale Condition: Sold strictly 'AS IS,' placing the burden of all necessary repairs, upgrades, and deferred maintenance squarely on the buyer, potentially leading to substantial unforeseen expenses.
Historic Property Age: Built in 1919, the property's age suggests potential for outdated systems (electrical, plumbing) and structural components that may require significant investment for modernization and compliance.
Limited Cooling System: Relies on less efficient wall unit air conditioning rather than a central HVAC system, which may be a comfort and energy efficiency concern for tenants, especially in warmer months.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state