$5,500,000 Price Analysis 606 Chestnut AveLos Angeles, CA 90042 Unknown bed None bath 12,400 SqFt ($443/SqFt) 0.43 acre lot. Built 1973 Listed 2024-07-09, Taxes $13,646 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
As it is located in highland park, it is close to South Pasadena. It is a 17-unit property priced at a current 4.93% Cap Rate; this property is being offered for sale for the first time since 1992. The units re comprised of all One Bedroom units, which are 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 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.
Presented by Meiling Wan at
Signature One Realty Grp, Inc.
Property MLS #OC24139116 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2021 | $419,656 + $570,197 $989,853 | $13,646 |
2020 | $415,353 + $564,351 $979,704 | $13,758 |
2019 | $407,209 + $553,286 $960,495 | $13,280 |
2018 | $399,225 + $542,438 $941,663 | $12,894 |
2017 | $391,398 + $531,802 $923,200 | $12,597 |
2016 | $383,724 + $521,375 $905,099 | $12,184 |
2015 | $377,961 + $513,544 $891,505 | $12,024 |
2014 | $370,558 + $503,485 $874,043 | $12,177 |
2013 | $368,884 + $501,210 $870,094 | $12,178 |
2012 | $361,651 + $491,383 $853,034 | $12,336 |
2010 | $354,560 + $481,749 $836,309 | $12,141 |
2009 | $352,748 + $479,285 $832,033 | $11,720 |
2009 | $351,911 + $478,149 $830,060 | $11,720 |
2008 | $345,832 + $469,888 $815,720 | $11,274 |
2007 | $339,051 + $460,675 $799,726 | $10,876 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.