Listed by CBRE LA
$17,000,000
Monarch Terrace
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 49,930
Units 90
Occupancy 95%
Tenancy Multi
Year Built 1959
Year Renovated 1975
Buildings 1
Lot Size (SqFt) 28,608
Zoning GLR4
Parking Spaces 58 spaces
Parking per 1,000 SqFt 1.16
Investment Type Stabilized
Just Listed | 56 Units | Glendale CA
Marketing description
Monarch Terrace is a 56-unit multifamily property located at 1595 E Chevy Chase Drive in Glendale, California. Built in 1959 and renovated in 1975, the property features an excellent unit mix of Studio (10), 1-bedroom (34), and 2-bedroom (12) units totaling 49,930 square feet. The property offers subterranean parking and storage with 56 covered and 2 surface parking spaces, excellent freeway connectivity, and is located in the highly desirable Glendale Unified School District. With 95% occupancy, the property presents upside potential in rents.
Investment highlights
- EXCELLENT UNIT MIX
- FREEWAY CONNECTIVITY
- UPSIDE IN RENTS
- SUBTERRANEAN PARKING & STORAGE
- GLENDALE UNIFIED SCHOOL DISTRICT
Listing Contacts
Listed by CBRE LA
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