125 W Chestnut St Glendale, CA 91204
Active
$3,350,000
4%
16 Units
11 Beds
16 Baths
11,120 Area(sq.ft.)
8,851 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | studio | 1 | No | $ 1,700 | $ 3,434 | $ 6,800 |
| Unit 2 | 4 | 1 | 1 | No | $ 2,000 | $ 6,260 | $ 8,000 |
| Unit 3 | 8 | 2 | 2 | No | $ 2,400 | $ 11,604 | $ 19,200 |
| 3 | 16 | 20 | 24 | $ 34,000 | $ 131,608 | $ 212,800 |
| MLS #: | 23-327229 |
| Days On Market: | 126 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 301 |
| Price per unit: | $ 209,375 |
| Year Built: | 1931 |
Property Details
This charming Spanish style apartment complex is nestled in the heart of Glendale, just blocks away from The Americana at Brand and the Glendale Galleria. With world-class shopping and dining options like Din Tai Fung, Tiffany & Co., Apple, and Nordstrom at your doorstep, this property offers the ultimate convenience and luxury for residents and visitors alike. With its desirable location, vibrant surroundings, and easy access to amenities, this property presents an excellent investment opportunity. The demand for housing in Glendale continues to rise, making this multifamily complex a lucrative venture. Don't miss your chance to capitalize on the thriving real estate market and secure a property that promises both financial success and a desirable living experience. EMAIL LA3 FOR LINK TO FULL OFFERING MEMORANDUM.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 399,528 |
| Total Annual Expense: | $ 92,577 |
| Net Operating Income: | $ 306,951 |
| Gross Annual Income: | $ 399,528 |
| Cap Rate: | 9.16% |
| Gross Rent Multiplier: | 8.38 |
| Actual Gross Rent: | $ 255,576 |
| Actual Gross Income: | $ 255,576 |
| Actual Rent Total: | $ 21,298 |
Structure
| Type of Units: | 3 |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Spanish |
Land & Parking
| Zoning: | GLR4YY |
| Parking Garage: | None |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Ceiling Fan, Refrigerator, Range/Oven |
| Heating: | Wall |
Exterior
Detailed Map
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