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214 E Chevy Chase Dr 16 Unit Apartment Building $5,671,899 CAD ($354,494 CAD/Unit) 5.61% Cap Rate Glendale, CA 91205
INVESTMENT HIGHLIGHTS
- 16 Units | Built in 1964 | 10,674 SF
- Priced at Only $256,250/unit | $384/SF
- Separate Gas and Electric Meters | 2 Central Water Heaters, Partial Copper Plumbing
- Great Mix (14) 1BD/1Bath - (2) 2BD/1.5Bath - 100% Occupied
- 12.08 Current GRM | 5.61% Current CAP | 20% Rental Upside
- Minutes To Americana At Brand & Downtown Glendale | Great Glendale Rental Location
EXECUTIVE SUMMARY
Kalachian Investment Group is pleased to present a great opportunity to purchase 16 units multifamily investment property in Glendale. Built in 1964, the property consists of great mix of (14) 1+1 and (2) 2+1.5 units, totaling approximately 10,674 sqft building size, situated on a 9,582 sqft lot.
Priced at only $256,250/unit, $384/SF, 5.61% CAP and 12.08 GRM with current rents and 20% rental upside.
Each unit is separately metered for gas and electricity, minimizing owner utility expenses. Additional amenities include 2 central water heaters, on-site laundry and 17 tenant storage cabinets. The property also provides 17 parking spaces, two of which have been converted into large owner’s storage.
Located minutes to The Americana on Brand and Downtown Glendale, in a great income-producing location.
Priced at only $256,250/unit, $384/SF, 5.61% CAP and 12.08 GRM with current rents and 20% rental upside.
Each unit is separately metered for gas and electricity, minimizing owner utility expenses. Additional amenities include 2 central water heaters, on-site laundry and 17 tenant storage cabinets. The property also provides 17 parking spaces, two of which have been converted into large owner’s storage.
Located minutes to The Americana on Brand and Downtown Glendale, in a great income-producing location.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$469,434
|
$43.98
|
| Other Income |
$830
|
$0.08
|
| Vacancy Loss |
$9,389
|
$0.88
|
| Effective Gross Income |
$460,875
|
$43.18
|
| Taxes |
$68,063
|
$6.38
|
| Operating Expenses |
$74,577
|
$6.99
|
| Total Expenses |
$142,640
|
$13.36
|
| Net Operating Income |
$318,235
|
$29.81
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $469,434 |
| Annual Per SF | $43.98 |
| Other Income (CAD) | |
|---|---|
| Annual | $830 |
| Annual Per SF | $0.08 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,389 |
| Annual Per SF | $0.88 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $460,875 |
| Annual Per SF | $43.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $68,063 |
| Annual Per SF | $6.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $74,577 |
| Annual Per SF | $6.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $142,640 |
| Annual Per SF | $13.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $318,235 |
| Annual Per SF | $29.81 |
PROPERTY FACTS
| Price | $5,671,899 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $354,494 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.61% | Building Size | 10,674 SF |
| Gross Rent Multiplier | 12.08 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Zoning | R2250 | ||
| Price | $5,671,899 CAD |
| Price Per Unit | $354,494 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 12.08 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,674 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R2250 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $2,456 CAD | 1 - 650 |
| 2+1.5 | 2 | $2,836 CAD | 1 - 787 |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5640-014-011 | Total Assessment | $4,131,598 CAD |
| Land Assessment | $1,721,498 CAD | Annual Taxes | $68,063 CAD ($6.38 CAD/SF) |
| Improvements Assessment | $2,410,100 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
5640-014-011
Land Assessment
$1,721,498 CAD
Improvements Assessment
$2,410,100 CAD
Total Assessment
$4,131,598 CAD
Annual Taxes
$68,063 CAD ($6.38 CAD/SF)
Tax Year
2025 Payable 2025
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214 E Chevy Chase Dr
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