Active

500 Chestnut AVE

LOS ANGELES CA, 90042

$5,100,000


$302.85 per sqft

Active

5 Beds

16,840 sqft

Condo

Built in 1930

We are proud to present the opportunity to purchase 500 Chestnut Avenue, a 20-unit multifamily community in the Highland Park submarket of Los Angeles County. 500 Chestnut Avenue is located in the Northeast region of Los Angeles County, adjacent to popular affluent neighborhoods like South Pasadena, Pasadena, and Glendale. Highland Park is one of LA s fastest growing rental markets and highly sought after by young professionals and creatives. The property enjoys immediate access to the 110 freeway connecting to freeways 210, 10, 5, and 101 allowing convenient commutes to DTLA, San Fernando Valley, and San Gabriel Valley. Nearby attractions include The Rose Bowl, Huntington Library, Pasadena s Playhouse Village, Dodger Stadium, Glendale Galleria, and much more. Cal State University of LA is also located within 6 miles of the property. Additionally, the property is located just blocks from heavy retail corridors on York Blvd, Figueroa Street, and a short drive to heavy retail corridors in Pasadena. Some local retailers include Trader Joes, Starbucks, CVS, Smart & Final, and several chain and boutique restaurants. Also within a short 10-minute drive are several schools, parks, medical facilities, and big box retailers. 500 Chestnut Avenue is a 2-story garden-style multifamily community - offering approximately 16,840 SF of rentable living space spanning across approximately 30,000 SF of land. The property features 8, 1-bedroom/1- bathroom units, 5, 2-bedroom/1-bathroom units, and 7, 2-bedroom/1.5-bathroom units averaging 619, 860, and 900 square feet, respectively. Tenants in the community enjoy amenities such as secured gated access, ample on-site parking, an on-site laundry facility, access to on-site management, open space, and well-maintained matured landscaping. Select units feature renovated floorplans that include amenities like new hardwood-like flooring, foot moldings, recessed lighting, quartz countertops, newer kitchen cabinetry, kitchen appliances, upgraded bathrooms with vanity lighting and tiled shower walls, hallway storage, walk-in closets, mirrored closet doors, ceiling fans, wall AC units, and more.

CV24031120MR

MLS ID

February 13, 2024

Listed

March 18, 2024

Updated

Map

500 Chestnut AVE
LOS ANGELES CA, 90042

Interior Features

Total Stories

2


Bedrooms

5 Beds


Laundry Description

Laundry Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.69 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Highland Park


Garage

No


Parking Total

33


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD1.5

Listed by ERIC CHEN with CB RICHARD ELLIS
Listing Contact: 909-418-2071 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/18/2024

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