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

Welcome to the enchanting Glendale-Chevy Chase/E. Glenoaks neighborhood, nestled in the heart of Los Angeles County, California. This vibrant area is renowned for its charming residential streets, lush greenery, and a warm community spirit that beckons families and individuals alike. With its convenient location, residents enjoy easy access to the bustling city of Glendale while still relishing the tranquility of suburban life.

The Glendale-Chevy Chase/E. Glenoaks area boasts a delightful mix of architectural styles, with homes that reflect the rich history and diverse culture of the region. Among the most sought-after properties are those with an apartment subtype, offering a unique opportunity for homeowners and investors alike. These homes not only provide comfortable living spaces but also the potential for rental income or multi-generational living arrangements.

Imagine waking up in a cozy home that features a charming apartment suite, perfect for guests or as a private office space. The versatility of these properties allows for a lifestyle that adapts to your needs, whether you're a growing family, a savvy investor, or someone seeking a home with extra space.

In addition to its beautiful homes, the Glendale-Chevy Chase/E. Glenoaks neighborhood is conveniently located near excellent schools, parks, and an array of dining and shopping options. With its perfect blend of urban convenience and suburban charm, this area is not just a place to live; it’s a place to thrive. Explore the possibilities that await you in this captivating corner of Glendale!

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.