Glendale-Chevy Chase/E. Glenoaks (624) Homes with Apartment Subtype

Welcome to the charming Glendale-Chevy Chase/E. Glenoaks neighborhood, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community is renowned for its picturesque streets, diverse culture, and an array of amenities that cater to every lifestyle.

Glendale, often celebrated for its family-friendly atmosphere, offers a unique blend of suburban tranquility and urban excitement. The Glendale-Chevy Chase/E. Glenoaks area is particularly appealing for those seeking a quieter environment while still being just a stone's throw away from the bustling city life. With its tree-lined streets and well-maintained parks, residents enjoy the perfect backdrop for outdoor activities and leisurely strolls.

One of the standout features of this neighborhood is its diverse selection of homes, particularly those with apartment subtypes. Whether you’re a first-time homebuyer, a growing family, or looking for an investment opportunity, you’ll find a variety of options to suit your needs. From charming bungalows to modern multi-family units, the real estate landscape here is rich and varied. These homes not only provide comfortable living spaces but also offer the potential for rental income, making them ideal for savvy investors or those looking to offset their mortgage.

The Glendale-Chevy Chase/E. Glenoaks community is also conveniently located near top-rated schools, shopping centers, and dining options, ensuring that everything you need is just a short drive away. With its welcoming atmosphere and strong sense of community, this neighborhood is more than just a place to live; it’s a place to thrive. Come explore the possibilities in Glendale-Chevy Chase/E. Glenoaks — your dream home awaits!

Newest Glendale-Chevy Chase/E. Glenoaks (624) Homes with Apartment Subtype

$2,299,000

BB26104554 MLS ⋅ Active Under Contract Status

650 W Wilson Ave is an exceptionally rare 8-unit generational asset, offered for the first time ever in one of Glendale's most desirable rental pockets just steps from The Americana at Brand. What truly separates this opportunity is its immediate development potential. Both rear 1- bedroom units, that make up the back structure, will be delivered vacant, allowing a buyer to begin construction immediately after closing without the cost, delays, or uncertainty of tenant relocation. A contractor bid has already been completed to combine the two vacant units into a spacious 3 Bed / 3 Bath residence while adding an additional 3 Bed / 3 Bath ADU in the existing parking area. Buyers have the flexibility to either create two large 3 Bed / 3 Bath units or simply keep the existing 1-bedroom units and add a 9th unit, allowing them to tailor the project to their investment strategy while significantly increasing rental income. Unlike most value-add opportunities that require years of turnover, this project can begin on day one. Buyers also have the flexibility to complete only the ADU, only the conversion, or both projects depending on their investment strategy. Our team can also assist with project management using the same contractor who prepared the bid, creating a streamlined path from acquisition to completion. Beyond the development upside, the property offers strong in-place cash flow with a 5.80% current cap rate and a 7.26% pro forma, both calculated using real operating expenses and a 4% management fee. The six existing 2-bedroom units have seen numerous interior upgrades including cabinetry, countertops, flooring, and updated electrical panel breakers, minimizing future capital expenditures while providing additional rental upside. Combining an irreplaceable Glendale location, immediate income, and one of the easiest value-add opportunities currently available, 650 W Wilson represents a rare chance to acquire a true legacy asset with multiple paths to increasing long-term value.

650 W Wilson, Glendale

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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.