Price Reduced Listing
606 Chestnut Avenue , Los Angeles, CA 90042
Los Angeles, CA 90042
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.
Details
| MLS# | OC24139116 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 90 |
| Listing Provided By | Signature One Realty Group, Inc 949-301-8888 | Meiling Wan |
Features
| SQ Feet | 12,400 |
|---|---|
| Story(s) | 2 |
| Units | 17 |
| Building(s) | 1 |
| Zoning | LARD2 |
| Acreage | 0.43 |
Market Activity 90042
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| Listing VS Median (in 90042) | |
Price: $4,900,000 low | high Med: $1,499,000 SqFt: 12,400 low | high Med: 2,863 $ / SqFt: $395 low | high Med: $529 On Site: 90 low | high Med: 17.000000 | |