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Browse More Listings in Multifamily For Sale, Los Angeles, CA or California

Multifamily Property For Sale - In Contract

14 UNIT APARTMENT BUILDING-820 Chestnut Avenue

820 Chestnut Avenue, Los Angeles, CA 90042

Price:
$1,299,000
No. Units:
14
Building Size:
10,492 SF
Price/Unit:
$92,785.71
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.66%
Lot Size:
0.36 AC
Find Out More...

Last Verified 11/18/2009 Listing ID 16453013

Description

Marcus & Millichap is pleased to exclusively present 820 Chestnut
Avenue, Los Angeles, California, a 14 unit apartment building, built in
1959. The subject property is conveniently located in the residential
community known as the Garvanza, an area of Highland Park on the
border of Pasadena, allowing for easy access to the Pasadena Freeway
(110) and the Gold Line.

The subject property consists of two-single units, seven onebedroom/
one-bathroom units, three two-bedroom/one-bathroom
units, and two two-bedroom/one and one-half bathroom units. The
property is equipped with 21 parking spaces, individually metered gas
and electric, as well as a laundry room.

The property's current cash flow and its substantial upside potential for
rents makes this an excellent investment opportunity.

***DOWNLOAD MARKETING PACKAGE BELOW***

Financial Summary

Actual
Net Operating Income
$86,513.40

Map of 820 Chestnut Avenue, Los Angeles, CA 90042 (Los Angeles County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

David Maling (213) 943-1880

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Created 10/30/2009

Additional Information for 820 Chestnut Avenue, Los Angeles, CA 90042

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 14 UNIT APARTMENT BUILDING-820 Chestnut Avenue

820 Chestnut Avenue, Los Angeles, CA, 90042