606 Chestnut AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,400 sqft
Price per Sqft $395
MLS Listing ID OC24139116
HOA Y/N No
Year Built 1973
Lot Size 0.430 Acres
Acres 0.43
Property Description
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.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Laundry Laundry Room
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5493034027
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard