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820 Chestnut Avenue, Los Angeles, CA 90042
Priced at Only: $2,495,000
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Address: 820 Chestnut Avenue, Los Angeles, CA 90042
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  • MLS#: 26665521 ( )
  • Street Address: 820 Chestnut Avenue
  • Viewed: 10
  • Price: $2,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 42
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90042
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Eric Eric
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 with 2 UNITS DELIVERED VACANT. 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.
Features
Building Area Total
  1. 10492.00
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Individual Room
Levels
  1. Two
Netoperatingincome
  1. 153758.00
Parcel Number
  1. 5493037002
Parking Features
  1. Driveway Down Slope From Street
  2. Driveway
Sourcesystemkey
  1. 26665521:CLAW
Totalexpenses
  1. 96814.00
Views
  1. 10
Year Built
  1. 1959
Year Built Source
  1. Assessor
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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