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606 Chestnut Ave
Los Angeles, CA 90042 Highland Park

Price Upon Request

Apartments For Sale  •  12,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,400 SF
  • Lot Size 0.44 AC
  • Building Class C
  • Year Built 1973
  • Zoning R3, Los Angeles
47 Transit Score
47 Walk Score

Highlights

Prime investment opportunity featuring a 17-unit apartment complex with 1-bedroom/1-bath and 2-bedroom/2-bath layouts.
Attractive cap rate of 6.31%, offering solid returns for multifamily investors.
Secured entrance and ample rear parking, providing convenience for tenants.
A rare income property in the highly desirable Highland Park, situated in a strong location within a thriving neighborhood.
Some ground-level apartments feature small patios, providing outdoor space for residents.
Prime location with easy freeway access, ideal for commuters and ensuring strong tenant demand.

Amenities

  • Balcony
  • Heating
  • Kitchen
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.9 mi
AirportDriveWalkDistance
Bob Hope 25 min - 17.0 mi
Los Angeles International 34 min - 21.6 mi
Long Beach (Daugherty Field) 40 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes