Active

606 Chestnut Avenue

Los Angeles CA, 90042

$4,900,000


$395.16 per sqft

Active

12,400 sqft

Multi-family

Built in 1973

Listed by Meiling Wan with Signature One Realty Group, Inc 9093008888

We are pleased to present a 17 units apartment building located at 606 Chestnut Drive Los Angeles. As it is located in highland park, it is very close to South Pasadena. It is a 17-unit property priced at a current 4.93% Cap Rate; this property is being offered for sale for the first time since 1992. The units are comprised of all One Bedroom units, which are very large and average over 650 square feet each! The building has a gated access private parking lot in the back as well as parking for 18 cars, 17 cars for the tenants and 1 parking space for the property manager. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. 606 Chestnut Drive is conveniently located just minutes from South Pasadena, and Downtown Los Angeles, with easy access to the parks and freeways. There are schools, shops, restaurants and amenities nearby, making this an ideal location for renters.

OC24139116

MLS ID

July 9, 2024

Listed

October 5, 2024

Updated

Map

606 Chestnut Avenue
Los Angeles CA, 90042

Interior Features

Total Stories

2


Laundry Description

Laundry Room


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.43 Acres


Lot Features

36-40 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

632 - Highland Park


Days on Market

87


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD2

Listing History

Date

Event

Price

10/2/2024

Price change

$4,900,000

-2%

9/29/2024

Active

9/13/2024

Under contract

8/16/2024

Price change

$5,000,000

-10%

Listing Contact: 949-301-8888 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2024 at 12:25 PM UTC

 

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