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500 Chestnut Ave
Los Angeles, CA 90042
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Highly Sought After Highland Park Location – Adjacent to South Pasadena and Other Affluent Neighborhoods
- Superior Unit Mix 8, 1-Bedroom/1-Bathroom 5, 2-Bedroom/1-Bathroom 7, 2-Bedroom/1.5-Bathroom Units
- Strong Value-Add Component with Approximately 40% Upside in Current Rents
- Additional Value & Revenue Capabilities via ADU Construction (Buyer to Verify)
- 4.52% CAP Rate & 12.79 GRM on Current Income | 7.63% CAP Rate & 8.91 GRM at Market Rents
Property Facts
| No. Units | 20 | Building Size | 16,840 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| Lot Size | 0.69 AC | ||
| Zoning | R3 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 16,840 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,596 | 619 |
| 2+1 | 5 | $1,672 | 860 |
| 2+1.5 | 7 | $1,827 | 900 |
Property Taxes
| Parcel Number | 5493-033-026 | Improvements Assessment | $430,345 |
| Land Assessment | $461,081 | Total Assessment | $891,426 |
Property Taxes
Parcel Number
5493-033-026
Land Assessment
$461,081
Improvements Assessment
$430,345
Total Assessment
$891,426
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