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515 Chester St
For Sale $3,050,000
$3,050,000
- 8 Units
- Unknown Sq Ft
- 7,492 Sq Ft
- Unknown Cap Rate
Description
Exceptional Glendale Income Property Opportunity!
Well-maintained 8-unit apartment building located in a desirable Glendale neighborhood, offering approximately 5,404 square feet of living space on a spacious lot. The property features an attractive unit mix of six 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, providing strong rental appeal and diversification for investors. Several units showcase updated interiors with modern kitchens, upgraded flooring, fresh finishes, and abundant natural light.
The property offers 10 community parking spaces, a valuable amenity for tenants, along with on-site common areas and convenient access throughout the building. Its attractive curb appeal, well-kept grounds, and functional layout make this a compelling investment opportunity in one of Glendale's most sought-after rental markets.
Conveniently located near shopping, dining, entertainment, major transportation corridors, and employment centers, this income-producing asset presents excellent long-term upside potential for both seasoned and first-time multifamily investors. Don't miss the opportunity to acquire a quality apartment building in a high-demand rental location.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,050,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5638010009 |
| MLS # | GD26122130 |
| Property ID | 291559551 |
| Lot Sqft | 7,492 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 30 |
| Original List Price | $3,050,000 |
| Applicances | Dishwasher,Gas Cooktop,Gas Oven,Microwave,Refrigerator% |
| Date Updated | June 04, 2026 |
| Date Created | May 29, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $17,491 | $0 |
| Net Income (Yr) | $ 143,448 |
| Cap Rate | 4.7% |
Listing Provided By
Raffi Soualian an agent of . Lic #01887303
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 04, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT