125 W Chestnut St | Glendale, CA 91204
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- LoopNet Team
125 W Chestnut St
Glendale, CA 91204
Three Blocks from Americana | Only $210K/Unit · Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- Outstanding Glendale Location – Three Blocks from Americana at Brand and Remodeled Glendale Galleria
- Excellent Reposition Opportunity – Current Rents Approximately 52% Below Market Rates
- Potential to Boost Income via Large Storage Space and Proven Utility Reimbursements
- Attractive $210,000 per Unit and $283 per Square Foot Compared to Similar Recent Sales
- Not Subject to Los Angeles Rent Control – Higher Allowable Annual Increases Under AB1482
- New Exterior and Interior Paint, New Landscaping, Upgraded Common Area Flooring, Upgraded Light Fixtures
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 11,120 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1931 |
| Zoning | R4, Glendale | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | R4, Glendale |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,128 | 400 - 450 |
| 1+1 | 10 | $1,703 | 750 |
PROPERTY TAXES
| Parcel Number | 5641-007-017 | Improvements Assessment | $1,720,000 |
| Land Assessment | $1,147,000 | Total Assessment | $2,867,000 |
PROPERTY TAXES
Parcel Number
5641-007-017
Land Assessment
$1,147,000
Improvements Assessment
$1,720,000
Total Assessment
$2,867,000
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