1717 E Chevy Chase, Glendale, California 91206, Glendale, 91206 - bed, bath

1717 E Chevy Chase, Glendale, California 91206 home-pic-0
ACTIVE$1,399,000
1717 E Chevy Chase, Glendale, California 91206
0Bed
0Bath
1,723Sqft
6,404Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Value-Add Potential: The property offers 'incredible value-add potential' through ADU conversion of its four garages, allowing for the creation of multiple additional income-producing units.
Top Cons:
Aging Infrastructure Risk: Built in 1950, the property may have original systems (plumbing, electrical) that could require substantial upgrades or maintenance in the future, despite current maintenance.

Compared to the nearby listings

Price:$1.40M vs avg $1.40M (+$0)50%
Size:1,723 sqft vs avg 1,723 sqft50%
Price/sqft:$812 vs avg $69886%

More Insights

Built in 1950 (75 years old).
Condition: This triplex, built in 1950, presents a mixed condition. While one studio unit has been fully remodeled with modern kitchen cabinets, new appliances, recessed lighting, and updated bathroom finishes (subway tile, new fixtures), the other units appear significantly dated. The second kitchen shown features older painted wood cabinets, laminate countertops, and older appliances. Flooring varies from modern laminate/tile in the studio to older linoleum and worn carpet in other areas. The property is described as 'well-maintained' with a 9-year-old roof, indicating regular upkeep. However, the overall age and the clear need for substantial updates in at least two of the three units, particularly in kitchens and bathrooms, align with the 'Fair' category, where major components are functional but show signs of being outdated, and minor updates or repairs are required beyond the recently renovated studio.
Year Built
1950
Close
-
List price
$1.4M
Original List price
$1.42M
Price/Sqft
$812
HOA
-
Days on market
-
Sold On
-
MLS number
PF25234344
Home ConditionFair
Features
Patio
View-

About this home

Fantastic Investment Opportunity in Prime Woodbury Neighborhood of Glendale with ADU Conversion Potential! Welcome to 1717 East Chevy Chase Drive, a well-maintained triplex with incredible value-add potential. Situated on a desirable corner lot, this property features two 1-bedroom, 1-bath units and one fully remodeled studio with brand-new appliances—each offering strong rental appeal. The property is individually metered, and tenants pay for electricity, gas, and trash. Two of the units have their own washer and dryer. Residents also enjoy access to the lovely backyard with a beautiful garden. The roof is about nine years old. The property includes four garages: three single-car garages and one two-car garage, offering excellent ADU conversion potential with the possibility of creating multiple additional units (buyer to verify how many units). With the opportunity to increase rents on two of the existing units and add extra income-producing spaces, this is an ideal project for investors seeking both immediate cash flow and long-term upside. Located in a high-demand Glendale neighborhood at the corner of East Chevy Chase Drive and Glenmore Drive, this property is close to Glendale Community College, Glendale High School, Adventist Hospital, parks, shopping centers, restaurants, and all major freeway entrances. It perfectly combines location, flexibility, and future growth potential. Don’t miss this rare investment opportunity with multiple value-add options!

Condition Rating
Fair

This triplex, built in 1950, presents a mixed condition. While one studio unit has been fully remodeled with modern kitchen cabinets, new appliances, recessed lighting, and updated bathroom finishes (subway tile, new fixtures), the other units appear significantly dated. The second kitchen shown features older painted wood cabinets, laminate countertops, and older appliances. Flooring varies from modern laminate/tile in the studio to older linoleum and worn carpet in other areas. The property is described as 'well-maintained' with a 9-year-old roof, indicating regular upkeep. However, the overall age and the clear need for substantial updates in at least two of the three units, particularly in kitchens and bathrooms, align with the 'Fair' category, where major components are functional but show signs of being outdated, and minor updates or repairs are required beyond the recently renovated studio.
Pros & Cons

Pros

Significant Value-Add Potential: The property offers 'incredible value-add potential' through ADU conversion of its four garages, allowing for the creation of multiple additional income-producing units.
Prime, High-Demand Location: Situated in the 'Prime Woodbury Neighborhood of Glendale,' providing excellent access to educational institutions, medical facilities, retail, and major freeways, ensuring strong rental demand.
Established Income-Generating Triplex: Currently operating as a triplex with two 1-bedroom units and one remodeled studio, providing immediate and diversified rental income.
Reduced Landlord Expenses & Tenant Amenities: Units are individually metered for utilities (electricity, gas, trash), and two units include in-unit washer/dryers, enhancing profitability and tenant appeal.
Well-Maintained with Recent Updates: Described as 'well-maintained' with a 'fully remodeled studio' and a relatively new roof (approx. nine years old), suggesting a lower need for immediate major repairs.

Cons

Aging Infrastructure Risk: Built in 1950, the property may have original systems (plumbing, electrical) that could require substantial upgrades or maintenance in the future, despite current maintenance.
Unverified ADU Conversion Scope: While ADU potential is highlighted, the description requires 'buyer to verify how many units,' indicating that the full scope and feasibility of additional units are not confirmed and require further due diligence and investment.
Partial Rent Upside: The opportunity to increase rents is specifically mentioned for 'two of the existing units,' implying that one unit may already be at market rate, limiting immediate rent growth across the entire property.

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