606 Chestnut Ave | Los Angeles, CA 90042
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- LoopNet Team
606 Chestnut Ave
Los Angeles, CA 90042
El Caballero · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Prime investment opportunity featuring a 17-unit apartment complex with 1-bedroom/1-bath and 2-bedroom/2-bath layouts.
- Secured entrance and ample rear parking, providing convenience for tenants.
- Some ground-level apartments feature small patios, providing outdoor space for residents.
- Attractive cap rate of 6.31%, offering solid returns for multifamily investors.
- A rare income property in the highly desirable Highland Park, situated in a strong location within a thriving neighborhood.
- Prime location with easy freeway access, ideal for commuters and ensuring strong tenant demand.
Property Facts
| No. Units | 17 | Building Size | 12,400 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.44 AC | ||
| Zoning | R3, Los Angeles | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 12,400 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 700 |
| 2+2 | 3 | - | 1,000 |
Property Taxes
| Parcel Number | 5493-034-027 | Improvements Assessment | $454,247 |
| Land Assessment | $617,197 | Total Assessment | $1,071,444 |
Property Taxes
Parcel Number
5493-034-027
Land Assessment
$617,197
Improvements Assessment
$454,247
Total Assessment
$1,071,444
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