606 Chestnut Ave | Los Angeles, CA 90042
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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.
Executive Summary
Extremely rare income property in highly sought after Highland Park. Great location close to freeway for commuters' access.
PROPERTY FACTS
| Price Per Unit | $252,941 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.31% | Building Size | 12,400 SF |
| No. Units | 17 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low Rise | Parking Ratio | 1.61/1,000 SF |
| Price Per Unit | $252,941 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| 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 |
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 | $445,341 |
| Land Assessment | $605,096 | Total Assessment | $1,050,437 |
PROPERTY TAXES
Parcel Number
5493-034-027
Land Assessment
$605,096
Improvements Assessment
$445,341
Total Assessment
$1,050,437
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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