$ 2,495,000
-
$2,495,000
Price -
5
Bed -
5
Bath -
10,492
SqFt
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About the Listing CLW-X7538301 - CLW-C121211
We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets: 820 Chestnut Ave, a 14-unit mid-century building, is 1 of 3 assets offered either individually or as a portfolio. The property was built in 1959 and features a 10,492 square foot building situated on a large 15,933 square foot lot, zoned RD1.5-1. The property offers an excellent unit mix consisting of eight (1+1) units, three (2+1) units, two (2+2) units, and one (0+1) unit. Offered for sale for the first time in 17 years, the asset presents an excellent value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. Ideally located in a quiet and quaint neighborhood, tenants will enjoy close proximity to LA's top retail corridors of York Blvd and Figueroa Street, as well as easy access to South Pasadena and Pasadena. ASSET 2 OF 3: 5629 Monte Vista St | 90042 (12 Units) See Listing Details ASSET 3 OF 3: 217 S Avenue 54 | 90042 (17 Units) See Listing Details. DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
26665521
Year Built
1959
Total Square Footage
10,492
Lot/Acreage
0.37
County
Los Angeles
Area
632 - Highland Park
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 30
- Lot Dimensions: 105x150
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway Down Slope From Street,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5493037002
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
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Questions About..
820 Chestnut Ave Los Angeles, CA 90042
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