820 Chestnut Ave, Los Angeles, CA 90042
820 Chestnut Ave, Los Angeles, CA 90042
820 Chestnut Ave, Los Angeles, CA 90042
820 Chestnut Ave, Los Angeles, CA 90042
820 Chestnut Ave, Los Angeles, CA 90042
820 Chestnut Ave, Los Angeles, CA 90042
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Armand Martin

Armand Martin

+1(661) 221-5011
$ 2,295,000
Est. payment | /mo

16 Beds

16 Baths

10,492 SqFt

Save
$ 2,295,000
Est. payment | /mo
Save

16 Beds

16 Baths

10,492 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,492 sqft

Price per Sqft $218

MLS Listing ID 26665521

Bedrooms 16

Year Built 1959

Lot Size 0.366 Acres

Acres 0.3659

Property Sub-Type Multi-Family

Property Description

** PRICE REDUCED ** New Metrics: $164K/Door, 9.16 GRM, 218/SF, 6.81% Cap Rate ** We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets: 820 Chestnut Ave, a 14-unit mid-century building. The property was built in 1959 and features a 10,492 square foot building situated on a large 15,933 square foot lot, zoned RD1.5-1. The property offers an excellent unit mix consisting of eight (1+1) units, three (2+1) units, two (2+2) units, and one (0+1) unit with 2 UNITS DELIVERED VACANT. Offered for sale for the first time in 17 years, the asset presents an excellent value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. Ideally located in a quiet and quaint neighborhood, tenants will enjoy close proximity to LA's top retail corridors of York Blvd and Figueroa Street, as well as easy access to South Pasadena and Pasadena. See Listing Details. DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Other

Laundry Room

Exterior

Parking Features Above Street Level, Driveway

Garage Spaces 30.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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820 Chestnut Ave