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515 Chester Street, Glendale, CA 91203
3
beds
2
baths
· 7506
ft2 lot
$2,700,000
Listing provided courtesy of Priscilla Nee, CB Richard Ellis, Inc..
Source CRMLS.
515 Chester Street is a two-story, eight-unit property constructed in 1962/1965 on a 7,506 sq ft lot, with a total building size of 5,404 sq ft. The property is separately metered for gas and electric, serviced by a central water heater, offers an on-site laundry facility (machines owned) and four garage and four carport parking spaces with storage areas. Recent capital improvements include dual-pane windows throughout, a smooth stucco front facade, and approx. 90% copper plumbing. 515 Chester Street boasts an unit mix of six 1B/1B units and two 2B/1B units. Units are spacious and offer upgraded flooring, gas stove, dishwasher, wall units for heating and cooling, ample closet and storage space, and ceiling fans. Over half of the units have been substantially renovated with new kitchens (new cabinets, subway tile backsplashes, quartz countertops, full stainless steel appliance packages) and bathrooms (new vanities, subway tile backsplashes, new bathtubs with subway tile tub).
HOA
$—/month
On market
9 months
Year built
1962
Property type
Multi-Family
Parking
8
MLS
20603334
Price / Sq.Ft.
ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Dishwasher, Microwave, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Interior Features
•   
Window Features: Double Pane Windows
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Carport, Garage
•   
Garage Spaces: 4.00
•   
Carport Spaces: 4.00
Lot Info
•   
Zoning: GLR4YY
•   
Lot Size Source: Assessor, Assessor
•   
Lot Size Acres: 0.1600
•   
Lot Size Dimensions: 50x150
•   
Lot Size Area: 7506.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Building Info
•   
Stories Total: 2
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 8
•   
Number Of Separate Gas Meters: 8
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 161994.00
•   
Water Sewer Expense: 3084.00
•   
Other Expense: 2000.00
•   
Vacancy Allowance Rate: 0.00
•   
Maintenance Expense: 5984.00
•   
Trash Expense: 949.00
•   
New Taxes Expense: 30032.00
•   
Insurance Expense: 2630.00
•   
Total Expenses: 57239.00
•   
Gross Multiplier: 16.03
Tax/Assessment Info
•   
Gross Income: 170520.00
•   
Tax Year: 2020
•   
Taxes: 7147.0
Lease Info
•   
Net Operating Income: 104757.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2097.50
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 4195.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 6
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1640.00
•   
Unit 1 Total Rent: 9840.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
Location
•   
Directions: South of the 134 Freeway, between San Fernando Road and Pacific Avenue.
Other
Calculation
•   
Dom: 18
•   
Cdom: 18
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 12:43am
Neighborhood snapshot
9
Properties for sale
25
Median days on market
$520.26
Median sold price/sqft
100.54%
Sold/List %
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Property History
07/13/2020
07/13/2020
CRMLS #20603334
active
CRMLS #20603334
$2,700,000
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