$5500000 Price Analysis   ♡   Los Angeles, CA 90042 Unknown bed None bath 12400 SqFt ($443/SqFt) 0.43 acre lot. Built 1973 Listed 2024-07-09, Taxes $13646 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 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 are 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 electrcity 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
Lot Size Acres: 0.43
Lot Size Source: Assessor
Lot Size Square Feet: 18731
Bedrooms in Unit-1: 20
Total Bathrooms in Unit-1: 20
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 4620.00
Area: 632 - Highland Park
Source Neighborhood: 632 - Highland Park
Number of Separate Electric Meters: 17
Number of Separate Gas Meters: 17
Parcel Number: 5493034027
Professional Management Expense: 3000.00
Trash Expense: 1000.00
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $419656 + $570197 $989853 | $13646 |
| 2020 | $415353 + $564351 $979704 | $13758 |
| 2019 | $407209 + $553286 $960495 | $13280 |
| 2018 | $399225 + $542438 $941663 | $12894 |
| 2017 | $391398 + $531802 $923200 | $12597 |
| 2016 | $383724 + $521375 $905099 | $12184 |
| 2015 | $377961 + $513544 $891505 | $12024 |
| 2014 | $370558 + $503485 $874043 | $12177 |
| 2013 | $368884 + $501210 $870094 | $12178 |
| 2012 | $361651 + $491383 $853034 | $12336 |
| 2010 | $354560 + $481749 $836309 | $12141 |
| 2009 | $352748 + $479285 $832033 | $11720 |
| 2009 | $351911 + $478149 $830060 | $11720 |
| 2008 | $345832 + $469888 $815720 | $11274 |
| 2007 | $339051 + $460675 $799726 | $10876 |
$5500000
CRMLS
Sold 1992-10-20
$175000
Public Record
Sold 1983-10-12
$335000
Public Record
Year Built: 1973
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: front
Property Age: 51
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
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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.