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6-Unit Apartment Building
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508 Chestnut Ave, Los Angeles, CA 90042

Los Angeles apartment community with one- and two-bedroom floor plans and freeway access.

Property Size3,615 SF
Lot Size0.17 Acres
Days on Market145

Property Features for 508 Chestnut Ave

General Information

Standard status Active
Size 3,615 SF
Lot size 0.17 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 6

Building Details

Year Built 1961
Listing Agency: Lee & Associates - LA North - Sherman Oaks
Listed By: Warren Berzack · License #CA 01329015
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - LA North - Sherman Oaks

Investment Insights

Based on property information with market context.

This 6-unit apartment property in Los Angeles includes a mix of one- and two-bedroom residences arranged across multiple floor plans. The building was constructed in 1961 and contains 3,615 square feet on a 7,500-square-foot lot.

Located in the Highland Park area, the property is positioned at 508 Chestnut Ave and offers access to nearby freeways. The unit mix and established construction provide a straightforward multifamily configuration for residential income ownership.

Key Highlights

  • 6‑unit apartment property in Los Angeles
  • One- and two‑bedroom residences with varied floor plans
  • 3,615‑square‑foot property on a 7,500‑square‑foot lot

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Food Market Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 90042, CA

58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Los Angeles apartment community with one- and two-bedroom floor plans and freeway access.
Where is this apartment building located?
The property is located at 508 Chestnut Ave Los Angeles, CA.
What are key features of this property?
This property features: 6‑unit apartment property in Los Angeles; One- and two‑bedroom residences with varied floor plans; 3,615‑square‑foot property on a 7,500‑square‑foot lot
(818) 986-9800 Call to check price and availability
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