
Glendale, California 91203
Analysis of 515 Chester Street, Glendale, California 91203 is currently available with a list price of $3,050,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Glendale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1962, the property has undergone significant recent renovations (likely within the last 5 years) in several units. Interior photos show modern shaker cabinets, quartz countertops, stainless steel appliances, and updated wide-plank flooring. The bathrooms feature contemporary tiling and fixtures. It is rated 'Good' rather than 'Excellent' because the building retains older systems like wall heaters and the description indicates only 'several' units are fully updated.
The property features a diversified mix of six 1-bedroom and two 2-bedroom units, catering to a wide range of tenant profiles in a high-demand rental market.
With 10 dedicated community parking spaces for an 8-unit building, the property offers a rare and highly valuable amenity that significantly enhances tenant retention and rental value.
Situated in a prime Glendale neighborhood near major employment centers and transportation corridors, the asset is positioned for long-term appreciation and consistently low vacancy rates.
Built in 1962, the property may require significant ongoing capital expenditures for aging systems such as plumbing or electrical that have not been fully modernized.
Due to its age and multi-unit status, the property is likely subject to state and local rent control regulations, which may limit immediate rental income upside for investors.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1962 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 4, 2026
$3,050,000
Initial Listing
Oct 19, 2021
$2,795,000
Public Record
Apr 17, 1998
$91,500
Public Record