Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

Look no more! We are proud to present this charming 6-unit apartment building, which includes a Single-Family House in front and 5 apartments in the rear. This Highland Park complex presents a lucrative value-add investment opportunity in a prime location. The property has a desirable layout that contributes to ease of management and operational efficiency, making the property a great addition to first time investors or seasoned owners adding to the portfolio. The SFR in the front is 2 bed / 1 bath, and all the units in the back building are 1 bed / 1 bath. This asset is individually metered for gas / electricity and has individual water heaters in each unit. This Value-Add property has 40% upside in rents, and Highland Park has seen significant growth over the last 10 years and shows no sign of slowing down! This market attracts a diverse demographic, including young professionals, families, and students, ensuring consistent demand for rental units. The property offers a commuter friendly location with a short distance to the 110 fwy and close to the Highland Park & South Pasadena Metro Gold line stop. Property was built in 1940 & 1961.

Features
2
1
: Common Area
0
: Hiking, Urban, Dog Park, Stable(s)
Additional Information
Growth Investment Group Pasade
0
AR42133
31317
Justin
5493033011
: Standard
Two
35

Multi-Family For Sale

508 Chestnut Avenue, Los Angeles, California 90042

3,615 Sqft
$1,450,000
Listing ID #AR24076130
Basic Details
Status : Closed
DaysOnMarket : 84
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : AR24076130
Price : $1,450,000
Living Area : 3,615 Sqft
Lot Size : 7,508 Sqft
Year Built : 1961
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90042
Price Per Square Foot : $373
ModificationTimestamp : 2024-07-10 13:38:33
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent