820 Chestnut AVE, Los Angeles, CA 90042
820 Chestnut AVE, Los Angeles, CA 90042
820 Chestnut AVE, Los Angeles, CA 90042
19
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$2,295,000
Est. payment /mo
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16 Beds
16 Baths
10,492 SqFt
Price Dropped by $200K

820 Chestnut AVE Los Angeles, CA 90042

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,492 sqft

Price per Sqft $218

MLS Listing ID 26665521

Bedrooms 16

HOA Y/N No

Year Built 1959

Lot Size 0.366 Acres

Property Description

** PRICE REDUCED ** New Metrics: $164K/Door, 9.16 GRM, 218/SF, 6.81% Cap Rate ** 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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Driveway Down Slope From Street, Driveway

Total Parking Spaces 30

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5493037002

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Eric Dilanian Remax Commercial and Investment Realty #01951699

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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820 Chestnut AVE