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$1,450,000
13 Days Online

508 Chestnut Avenue
Los Angeles, CA 90042

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Justin McCardle of Growth Investment Group Pasade ?

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Call Now: 833-396-0091
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833-396-0091
508 Chestnut Avenue508 Chestnut Avenue508 Chestnut Avenue508 Chestnut Avenue
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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.

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Listing Snapshot
Price 
$1,450,000
Days Online 
13 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,615 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1724 Acres
Year Built 
1961
MLS® Number 
AR24076130
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen online
General Features
Parking 
CarportDriveway
Parking Spaces 
3
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1724
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
0
Zoning 
LARD1.5
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Community Features 
Dog ParkHikingStablesUrban
Senior Community 
No
MLS Area 
632 - Highland Park


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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