Listed by Levon Alexanian, Keller Williams World Media Center, (818) 239-3500 . Bought with Magic Realty
1815 E Chevy Chase Dr
Glendale, CA 91206
Woodbury- 16 Beds
- 8 Baths
- 8,278 sqft (on 0.34 acres)
16 Beds
8 Baths
8,278 sqft
(on 0.34 acres)
Local Information
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Description
We are pleased to present for acquisition the Colonial Oak Apartments., situated in one of the most niche neighborhoods within the city of Glendale.
In the super low turnover and historically vacancy-proof pocket, the opportunity offers a pride of ownership acquisition in one of the most landlord-friendly cities in California. Well maintained, the property has a pitched roof, upgraded electrical sub-panels, newer windows, professionally landscaped, ample on-site parking & laundry facility.
All units are 2 bedrooms, averaging over 1,000 sf, sitting on an almost 15,000 sf corner lot.
Although the offering is already priced well at 14.2 GRM (as of 5.1.25), there is considerable rental upside by way of loss to lease and or modernization of interiors, the GRM falls to 12. Furthermore, California recently passed SB 211, allowing for a maximum of (8) ADUs but not to exceed the total number of existing units. With the implementation of a couple of ADUs (buyer to verify), the building would pay for itself in 8 years!
The Colonial Oak Apartments are just under 4 miles to the Chevy Chase Country Club (CCCC), a hidden gem in the Verdugo Mountains. Some of the long list of amenities are the 18 hole golf course & driving range, tennis courts, swimming pool, clubhouse, exquisite dining options, fitness center and entertainment venue.
The local home value per homes.com is $1,632,000, enforcing considerable affordability gap to own a single-family home in this area, a major driver of rents as well. The Colonial Oak Apartments are the only multifamily investment opportunity available for acquisition in the area and in the zip code.
Located in a very peaceful and residential area yet close to major retail, schools, shops and entertainment. The opportunity provides for consistent cashflow and forever built-in demand for occupancy.
In the super low turnover and historically vacancy-proof pocket, the opportunity offers a pride of ownership acquisition in one of the most landlord-friendly cities in California. Well maintained, the property has a pitched roof, upgraded electrical sub-panels, newer windows, professionally landscaped, ample on-site parking & laundry facility.
All units are 2 bedrooms, averaging over 1,000 sf, sitting on an almost 15,000 sf corner lot.
Although the offering is already priced well at 14.2 GRM (as of 5.1.25), there is considerable rental upside by way of loss to lease and or modernization of interiors, the GRM falls to 12. Furthermore, California recently passed SB 211, allowing for a maximum of (8) ADUs but not to exceed the total number of existing units. With the implementation of a couple of ADUs (buyer to verify), the building would pay for itself in 8 years!
The Colonial Oak Apartments are just under 4 miles to the Chevy Chase Country Club (CCCC), a hidden gem in the Verdugo Mountains. Some of the long list of amenities are the 18 hole golf course & driving range, tennis courts, swimming pool, clubhouse, exquisite dining options, fitness center and entertainment venue.
The local home value per homes.com is $1,632,000, enforcing considerable affordability gap to own a single-family home in this area, a major driver of rents as well. The Colonial Oak Apartments are the only multifamily investment opportunity available for acquisition in the area and in the zip code.
Located in a very peaceful and residential area yet close to major retail, schools, shops and entertainment. The opportunity provides for consistent cashflow and forever built-in demand for occupancy.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from May 07, 2025
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1815 E Chevy Chase Dr
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Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 8 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: street |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 8Number of Covered Spaces: 8Has a GarageParking Spaces: 8Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Private Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 55 |
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Year Built Year Built: 1947 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5665018014 |
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Price List Price: $3,275,000 |
Status Change & Dates Off Market Date: Mon Feb 10 2025 |
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MLS Status: Closed |
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Direction & Address City: Glendale |
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Building Area Building Area: 8278 Square Feet |
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Community Features: Curbs, Foothills, Golf, Gutter(s), Hiking, Park, Street Lights, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 0.34 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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No Rent Control |
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Mls Number: SR24248381Living Area Range Units: Square FeetAttribution Contact: info@alexanianadvisors.comBack On Market Date: Thu Feb 06 2025Common Interest: Community ApartmentUniversal Property Id: US-06037-N-5665018014-R-N |
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CurbsFoothillsGolfGutter(s)HikingParkStreet LightsSidewalks |
Last check for updates: about 2 hours ago
Listed by Levon Alexanian DRE #00911091
Keller Williams World Media Center
Bought with: Hayk Karamanian DRE #01934867, Magic Realty
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR24248381

Price History for 1815 E Chevy Chase Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 05/01/2025 | $3,080,000 | Sold | CRMLS #SR24248381 |
| 02/25/2025 | $3,275,000 | Pending | CRMLS #SR24248381 |
| 02/06/2025 | $3,275,000 | Listed For Sale | CRMLS #SR24248381 |
| 05/28/2017 | $1,690 | ListingRemoved | Agent Provided |
| 05/26/2017 | $1,690 | Listed For Rent | Agent Provided |
Comparable Sales for 1815 E Chevy Chase Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.78 | Multi-Family Home | $2,515,000 | 05/27/26 | 15 | 12 | 6,491 | |
0.65 | Multi-Family Home | $2,090,000 | 05/13/26 | 8 | 8 | 5,484 | |
0.04 | Multi-Family Home | $1,465,000 | 10/31/25 | 5 | 3 | 2,127 | |
1.12 | Multi-Family Home | $2,680,000 | 06/04/25 | 13 | 8 | 7,853 | |
1.17 | Multi-Family Home | $2,805,000 | 07/16/25 | 12 | 12 | 8,200 | |
1.30 | Multi-Family Home | $3,290,000 | 12/24/25 | 14 | 10 | 8,666 | |
1.46 | Multi-Family Home | $3,240,000 | 08/29/25 | 15 | 8 | 7,866 | |
1.05 | Multi-Family Home | $1,889,500 | 09/12/25 | 8 | 8 | 5,198 | |
1.16 | Multi-Family Home | $3,575,000 | 11/26/25 | 19 | 18 | 8,756 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1815 E Chevy Chase Dr.
What Locals Say about Woodbury
At least 26 Trulia users voted on each feature.
84 % Say there are sidewalks
79 % Say it's dog friendly
72 % Say car is needed
69 % Say it's walkable to restaurants
67 % Say streets are well-lit
67 % Say it's walkable to grocery stores
58 % Say yards are well-kept
57 % Say people would walk alone at night
48 % Say parking is easy
47 % Say they plan to stay for at least 5 years
45 % Say there's holiday spirit
43 % Say neighbors are friendly
36 % Say it's quiet
34 % Say there's wildlife
33 % Say kids play outside
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Homes for rent near 1815 E Chevy Chase Dr
1815 E Chevy Chase Dr, Glendale, CA 91206 is a 16 bedroom, 8 bathroom, 8,278 sqft multi-family built in 1947. 1815 E Chevy Chase Dr is located in Woodbury, Glendale. This property is not currently available for sale. 1815 E Chevy Chase Dr was last sold on May 1, 2025 for $3,080,000 (6% lower than the asking price of $3,275,000). The current Trulia Estimate for 1815 E Chevy Chase Dr is $3,041,900.