$3,050,000
515 Chester Street, Glendale CA 91203
Multi-Family (8 Units)
Property type
12 days
On market
$564
Price per sqft
4 cars
Garage
1962
Year built
7,492 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Raffi Soualian DRE #01887303 818-246-1099, JohnHart Real Estate
Listing updated: Jun 5, 2026 at 12:42am.
Last checked: Jun 13, 2026 at 11:30am
Source: CRMLS #GD26122130
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,895 | $1,895 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,896 | $1,896 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,975 | $1,975 | $0 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,850 | Unfurnished |
| 1 | 1 | 1 | — | $2,155 | $2,155 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $1,895 | $1,895 | $0 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,975 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,850 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Dishwasher: 8
Refrigerator: 8
Rent Control: Yes
Units Leased: 5
Total Actual Rent: $17,491
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.5x
List Price / Annual Gross Rent
Cap Rate
4.7%
NOI / List Price
Gross Scheduled Income: $209,892
Operating Expense: $66,444
Net Operating Income: $143,448
Annual Operating Expenses
Cable TV: $0
Electric: $3,852
Furniture Replacement: $0
Gardener: $1,440
Fuel: $0
Insurance: $11,544
Licenses: $0
Maintenance: $0
New Taxes: $38,136
Pest Control: $1,020
Pool: $0
Professional Management: $0
Supplies: $0
Trash: $3,888
Water / Sewer: $3,840
Workers Comp: $0
Other Expense: $2,724
Interior
Interior Features: Ceiling Fans, Open Floor Plan, Quartz Counters, Recessed Lighting
Room Type: Kitchen, Living Room
Flooring: Laminate
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Fireplace: None
Laundry: None
Entry Location: Front Door
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Door Features: Mirrored Closet Doors
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Water Available
View: Neighborhood
Garage and Parking
Parking: Attached Carport, Garage, Community Structure
Garage Spaces: 4
Uncovered Spaces: 2
Carport Spaces: 4
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5638010009
Additional Parcels: No
Tax Lot: 9
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Sidewalks