Active

606 Chestnut AVE

LOS ANGELES CA, 90042

$4,900,000


$395.16 per sqft

Active

20 Beds

20 Baths

12,400 sqft

Multi-family

Built in 1973

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.

OC24139116MR

MLS ID

July 9, 2024

Listed

October 5, 2024

Updated

Map

606 Chestnut AVE
LOS ANGELES CA, 90042

Interior Features

Total Stories

2


Bedrooms

20


Total Bathrooms

20


Laundry Description

Room


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.43 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Highland Park


Days on Market

87


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD2

Listing History

Date

Event

Price

10/2/2024

Price change

$4,900,000

-2%

9/29/2024

Active

9/13/2024

Under contract

8/16/2024

Price change

$5,000,000

-10%

Listed by Meiling Wan with Signature One Realty Group, Inc
Listing Contact: 9093008888 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/2024

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