606 Chestnut Avenue

Los Angeles, CA 90042

$4,300,000
Price
—
Beds
12,400 Sq. Ft.
$347 / Sq. Ft.
12,400
Sq. Ft.
$347
per Sq. Ft.

Description

We are pleased to present a 17 units apartment building located at 606 Chestnut Drive Los Angeles. As it is located in highland park, it is very close to South Pasadena. this property is being offered for sale for the first time since 1992. The units are comprised of all One Bedroom units, which are very large and average over 650 square feet each! The building has a gated access private parking lot in the back as well as parking for 18 cars, 17 cars for the tenants and 1 parking space for the property...We are pleased to present a 17 units apartment building located at 606 Chestnut Drive Los Angeles. As it is located in highland park, it is very close to South Pasadena. this property is being offered for sale for the first time since 1992. The units are comprised of all One Bedroom units, which are very large and average over 650 square feet each! The building has a gated access private parking lot in the back as well as parking for 18 cars, 17 cars for the tenants and 1 parking space for the property manager. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. 606 Chestnut Drive is conveniently located just minutes from South Pasadena, and Downtown Los Angeles, with easy access to the parks and freeways. There are schools, shops, restaurants and amenities nearby, making this an ideal location for renters.
  1. Listed by Meiling Wan • DRE #01994615 • Brokerage DRE #02105817 • Signature One Realty Group, Inc • 9093008888
  2. Listed by Chris Saunders • DRE #02015357 • Brokerage DRE #02105817 • Signature One Realty Group, Inc

Property Details for 606 Chestnut Avenue

Total Units
17.0
Lot Size Source
Assessor
Building Area Total
12400
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
5493034027
Area
Highland Park (632)
LISTING UPDATED: 11/13/2024 06:10 AM

Property Details for 606 Chestnut Avenue

StatusActive
MLS #OC24232097
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1973
Lot Size0.43 AC / 18,730 SF
CountyLos Angeles County

Building Information for 606 Chestnut Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.43 AC / 18,730 SF

Property Information for 606 Chestnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $317,048
  • Net Operating Income: $267,839
  • Laundry Income: $3,600
Expense Details
  • Operating Expense: $49,209
  • Expense Year: $2,023
  • Insurance Expense: $6,267
  • Maintenance Expense: $9,198
  • Professional Management Expense: $3,600
  • Water Sewer Expense: $13,228
  • Real Estate Tax Expense: $14,176
  • Total Expenses: $49,209
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 17
  • Unit Type Beds Total: 20
  • Unit Type Baths Total: 20
  • Unit Type Type: 1
Unit Information
  • Number Of Buildings: 1

Property History for 606 Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 606 Chestnut Avenue

Taxable ValueLand$605,096Additions$445,341Total$1,050,437
Tax Record2024$14,727 ($1,227 / month)
Home Facts
Total Finished SqFt12,400 SqFtAbove Grade Finished SqFt12,400 SqFtLot Size18,763 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningLARD2CountyLOS ANGELESAPN5493-034-027

Schools near 606 Chestnut Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Benjamin Franklin Senior High School
Public6 to 12

Luther Burbank Middle School
Public6 to 8

Los Angeles International School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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606 Chestnut Avenue is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on November 13, 2024 by Signature One Realty Group, Inc, it's currently listed at $4,300,000. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pascual Elementary Science Technology Engineering Arts And Mathematics (STEAM) Magnet, Benjamin Franklin Senior High School and Luther Burbank Middle School. 606 Chestnut Avenue is a 0-bed, 0-bath, 12,400 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature One Realty Group, Inc, Meiling Wan, DRE #01994615; Signature One Realty Group, Inc, Chris Saunders, DRE #02015357

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.