Corporate Walgreens Mix-Use Opportunity 1487 E Chevy Chase Dr Local commercial 265 m² 100 % Loué À vendre Glendale, CA 91206 2 072 920 € (7 834,53 €/m²) Taux de capitalisation 6 %

Situated in the heart of Glendale’s vibrant Woodbury neighborhood, the property at 1487 E. Chevy Chase Dr. offers a prime investment opportunity at the bustling intersection of E. Chevy Chase Drive and Sinclair Avenue. This extremely rare corporate leased Walgreens Compounding Pharmacy and 2-unit residential mixed-use property, spanning approximately ±2,848 square feet per city records, is strategically positioned to capitalize on Glendale’s thriving economy and robust real estate market. With its blend of commercial and residential potential, this property is ideal for investors seeking a versatile asset in a high-demand location.
Walgreens Specialty Pharmacy
The retail portion is currently leased to Walgreens Specialty Pharmacy, a high-traffic retail tenant that enhances its visibility and income stability. The building’s design includes street-front retail space ideal for businesses serving the local community, with potential residential or office space in the rear, offering flexibility for value-add opportunities.
Originally constructed in 1955, this single-story retail building comprises approximately ±1,800 square feet and includes three on-site parking spaces. The building was constructed with a wood frame and stucco exterior, and it has a flat roof. Over the past several years, the property has benefited from several upgrades, including an updated electrical and HVAC system, exterior surveillance, and a resurfaced parking lot.
Duplex
The charming 2-story duplex at the rear of 1487 E. Chevy Chase Dr. comprises of two well-designed units. The units are configured as one-bedroom, one-bathroom layouts, ideal for singles, couples, or small families, with the potential for reconfiguration to meet modern rental demands, subject to Glendale’s GLC4 zoning regulations.
Each unit features a spacious living area, kitchen, one bedroom, and one bathroom, designed for comfort and efficiency. The layouts maximize natural light, with windows overlooking a private rear courtyard.
The duplex benefits from the front and rear entrances, ensuring privacy from the front retail space and providing a quiet residential retreat. A shared rear courtyard offers a low-maintenance outdoor area, perfect for relaxation or small gatherings, enhancing tenant appeal.
The units have been maintained with updates including modernized plumbing, electrical systems, and energy-efficient fixtures, ensuring low maintenance costs and tenant satisfaction.
Location Description
Nestled in the heart of Los Angeles County, Glendale, California, is a dynamic city that seamlessly blends urban sophistication with suburban charm. Located just minutes from downtown Los Angeles, Glendale offers a thriving economy, a diverse community, and a robust real estate market, making it an ideal destination for investors and businesses alike. At the crossroads of E. Chevy Chase Drive and Sinclair Avenue, this vibrant neighborhood exemplifies Glendale’s growth and opportunity, presenting an exceptional backdrop for a premier commercial property now available for sale.
Glendale is a bustling economic powerhouse within the Los Angeles metropolitan area, home to major corporations such as Nestlé, Walt Disney Company, DreamWorks Animation, and IHOP. These industry giants contribute to a diverse economic base that spans entertainment, healthcare, technology, and retail, fostering job creation and sustained demand for commercial and residential properties. The city’s proximity to major transportation corridors, including the Glendale Freeway, Ventura Freeway, and Foothill Freeway, ensures seamless connectivity to Los Angeles, Burbank, and Pasadena, enhancing its appeal for businesses and residents.
In recent years, Glendale has experienced steady population growth, with a reported increase over the past decade. This growth, coupled with a competitive housing market, underscores the city’s desirability. This economic vitality and high demand make Glendale a prime location for commercial real estate investment.
E Chevy Chase Dr and Sinclair Ave
The intersection of E. Chevy Chase Drive and Sinclair Avenue lies within Glendale’s vibrant Glendale City Center, a hub of commercial activity and community engagement. This prime location offers unparalleled access to key amenities, including the Glendale Galleria, a premier shopping destination, and the Americana at Brand, a luxury mixed-use complex featuring upscale retail, dining, and residential units. The area is well-served by public transit, with the Glendale Transportation Center connecting to Metrolink and Amtrak, making it a magnet for commuters and businesses seeking high visibility and accessibility.
The neighborhood surrounding E. Chevy Chase Drive and Sinclair Avenue is characterized by a mix of historic charm and modern development. Tree-lined streets, pedestrian-friendly walkways, and proximity to cultural landmarks like Forest Lawn Memorial Park create a welcoming atmosphere for residents and visitors. The area’s demographic profile supports diverse commercial ventures, with a median household income that aligns with the city’s high cost of living, ensuring a steady customer base for retail and service-oriented businesses.
Location Highlights
+ Located directly across the street from the 515 Bed Adventist Health Hospital

+ Situated on the signalized corner with over 15,700 vehicles per day

+ Centrally located just east of the 5 & north of the 134 freeways

+ Average household income in a 1-mile Radius exceeds $71,000