Two-Unit Medical Office &
1600 E Chevy Chase Dr Glendale, CA 91206
1600 E Chevy Chase Dr, Glendale, CA, 91206
$1,450,000
For Sale
$1,450,000
Signalized corner two-unit building with one medical vacancy and a leased quick-service food tenant.
Property Size1,354 SF
Lot Size0.15 Acres
Price / SF$1,070
Days on Market49
Property Features for 1600 E Chevy Chase Dr
General Information
- Standard status
- Active
- Size
- 1,354 SF
- Lot size
- 0.15 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1965
Listing agency
Marcus & Millichap - Encino
(818) 212-2794
Listed by
Brandon Michaels · License #License(s): CA: 01434685
(818) 212-2794
Source
Marcusmillichap
Added: Jun 5 Updated: Jul 10 at 4:00PM Checked: Jul 22 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This two-unit medical office and retail property totals 1,354 square feet on a 0.15-acre site. The offering includes one 869-square-foot vacancy, formerly occupied by a chiropractic office, and one 485-square-foot unit leased to Chick Next Door. The quick-service tenant is optimized for high-volume walk-up service and has access to covered and outdoor seating. The property features approximately six surface parking spaces and includes multiple points of ingress and egress along Chevy Chase Drive and E Glenoaks Boulevard.
Located on a signalized corner of Chevy Chase Drive and E Glenoaks Boulevard in Glendale, California, the site sits directly across from Adventist Health Glendale Hospital and its medical campus. The traffic counts exceed 15,000 vehicles per day, and convenient access to both the 2 Freeway (Glendale Freeway) and the 134 Freeway is available within 0.5 miles.
The current layout provides an owner-user opportunity with the vacant medical suite available for immediate occupancy, while also supporting offset of operating expenses through the in-place income from the leased unit. The asset may also be suited for buyers looking to lease the vacancy to a medical or retail tenant upon completion of suitable improvements and tenant fit. The property is offered free and clear of existing debt, and seller financing is available for qualified buyers.
Located on a signalized corner of Chevy Chase Drive and E Glenoaks Boulevard in Glendale, California, the site sits directly across from Adventist Health Glendale Hospital and its medical campus. The traffic counts exceed 15,000 vehicles per day, and convenient access to both the 2 Freeway (Glendale Freeway) and the 134 Freeway is available within 0.5 miles.
The current layout provides an owner-user opportunity with the vacant medical suite available for immediate occupancy, while also supporting offset of operating expenses through the in-place income from the leased unit. The asset may also be suited for buyers looking to lease the vacancy to a medical or retail tenant upon completion of suitable improvements and tenant fit. The property is offered free and clear of existing debt, and seller financing is available for qualified buyers.
Key Highlights
- 1,354 SF two‑unit medical office/retail building on 0.15 acres at a signalized corner of E Glenoaks Blvd and Chevy Chase Dr (Glendale, CA).
- Delivered with one 869 SF vacancy (formerly chiropractic) plus 485 SF leased to Chick Next Door.
- Chick Next Door lease: $4,425/mo ($9.12/SF) on modified gross lease through June 1, 2028 with 5% annual increases each June.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.4k | $59.40 |
| − Vacancy | −$4.4k | −$3.27 |
| EGI | $76.0k | $56.13 |
| − OpEx | −$19.0k | −$14.03 |
| NOI | $57.0k | $42.10 |
1,354 SF · lease $59.40/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$814.3K
$712.5K – $950.1K
NOI $57,003 @ 7.0% cap · market cap 3.93%
Second Best
Office B
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 1.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chick Next Door ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Dr. Jeffrey N. Roberts, MD — 1505 Wilson Terrace, Glendale, CA 91206
FAQs
What type of property is this?
Medical Office Space - Signalized corner two-unit building with one medical vacancy and a leased quick-service food tenant.
Where is this medical office space located?
The property is located at 1600 E Chevy Chase Dr Glendale, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1,354 SF two‑unit medical office/retail building on 0.15 acres at a signalized corner of E Glenoaks Blvd and Chevy Chase Dr (Glendale, CA).; Delivered with one 869 SF vacancy (formerly chiropractic) plus 485 SF leased to Chick Next Door.; Chick Next Door lease: $4,425/mo ($9.12/SF) on modified gross lease through June 1, 2028 with 5% annual increases each June.
