Property Detail

Description

Situated in the heart of Glendale’s vibrant Woodbury neighborhood, the property at 1487 E. Chevy Chase Dr. offers a prime investment opportunity at the bustling intersection of E. Chevy Chase Drive and Sinclair Avenue. This extremely rare corporate leased Walgreens Compounding Pharmacy and 2-unit residential mixed-use property, spanning approximately ±2,848 square feet per city records, is strategically positioned to capitalize on Glendale’s thriving economy and robust real estate market. With its blend of commercial and residential potential, this property is ideal for investors seeking a versatile asset in a high-demand location. Walgreens Specialty Pharmacy The retail portion is currently leased to Walgreens Specialty Pharmacy, a high-traffic retail tenant that enhances its visibility and income stability. The building’s design includes street-front retail space ideal for businesses serving the local community, with potential residential or office space in the rear, offering flexibility for value-add opportunities. Originally constructed in 1955, this single-story retail building comprises approximately ±1,800 square feet and includes three on-site parking spaces. The building was constructed with a wood frame and stucco exterior, and it has a flat roof. Over the past several years, the property has benefited from several upgrades, including an updated electrical and HVAC system, exterior surveillance, and a resurfaced parking lot. Duplex The charming 2-story duplex at the rear of 1487 E. Chevy Chase Dr. comprises of two well-designed units. The units are configured as one-bedroom, one-bathroom layouts, ideal for singles, couples, or small families, with the potential for reconfiguration to meet modern rental demands, subject to Glendale’s GLC4 zoning regulations. Each unit features a spacious living area, kitchen, one bedroom, and one bathroom, designed for comfort and efficiency. The layouts maximize natural light, with windows overlooking a private rear courtyard. The duplex benefits from the front and rear entrances, ensuring privacy from the front retail space and providing a quiet residential retreat. A shared rear courtyard offers a low-maintenance outdoor area, perfect for relaxation or small gatherings, enhancing tenant appeal. The units have been maintained with updates including modernized plumbing, electrical systems, and energy-efficient fixtures, ensuring low maintenance costs and tenant satisfaction.