The Capri at 348 W. Chevy Chase Drive in Glendale.

The Capri at 348 W. Chevy Chase Drive in Glendale.

Champion Real Estate Co. has acquired two more Glendale multifamily properties for $14.1 million, according to The Real Deal.

The acquisition includes the 36-unit complex at 348 W. Chevy Chase Drive and a 26-unit property at 1119-1123 E. Elk Ave.

Champion will begin a $2.6 million renovation on both properties, restoring the buildings’ interior and exterior, retrofitting both properties and resolving maintenance issues.

Built in 1963, the two-story Chevy Chase Drive, known as the Capri, features four studios, 20 one-bedroom units and 12 two-bedroom units. Completed in 1961, the two-story Elk Avenue complex contains 24 one-bedroom units and two two-bedroom units.

Champion Real Estate Executive Vice President Parker Champion said in a statement that the properties are desirable because they are both located in one of L.A.’s “premier live-work-play markets. … We will continue our concerted effort to own multifamily housing in Glendale and the Tri-Cities region.”

Champion Real Estate, which has a long-running interest in the Tri-Cities market, is doubling up on the Glendale investment it made earlier this year, when the firm purchased a pair of multifamily properties in the community for $33.6 million.

Champion now owns more than 225 units throughout the Tri-Cities markets.