Highland Park Multifamily Value-Add
820 Chestnut Ave, Los Angeles, CA 90042
MULTI_FAMILY - Los Angeles, CA
Property size:
10,492 SFLot size:
0.37 AcresPrice / SF:
$218/SF- Added:
- Mar 19, 2026
- Days on Market:
- 58
- Last Refresh:
- May 15 at 6:06 pm
Property Features for 820 Chestnut Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD1.5
- Bedrooms
- 16
- Bathrooms
- 16
- Rooms
- Bathroom 15, Bathroom 7, Bathroom 16, Bedroom 8, Bedroom 2, Bathroom 12, Bathroom 14, Bedroom 6, Bathroom 6, Bathroom 13, Bathroom 3, Bedroom 15, Bedroom 11, Bathroom 1, Bedroom 10, Bedroom 16, Bedroom 4, Bathroom 5, Bedroom 7, Bedroom 3, Bathroom 9, Bedroom 9, Bathroom 10, Bathroom 2, Bathroom 8, Laundry Room, Bedroom 12, Bedroom 5, Bedroom 1, Bedroom 14, Bathroom 4, Bathroom 11, Bedroom 13
- Parking
- 30
- Parking features
- Driveway
- Standard status
- Active
- APN
- 5493-037-002
- Size
- 10,492 SF
- Lot size
- 0.37 Acres
Utilities
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1959
- Floors in Building
- 2
- Number of units
- 14
Listing agent Eric Dilanian License #01951699 (213) 233-4379
Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA (213) 817-1000
Listing date Mar 19, 2026
MLS# 26665521
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rare 43‑unit portfolio opportunity in highly desirable Highland Park, Los Angeles.
- Significant value‑add potential through rental upside and multiple ADU additions.
- Favorable metrics: $164K/Door, 9.16 GRM, 6.81% Cap Rate.
- Two units delivered vacant.
- Ideally located near top retail corridors (York Blvd & Figueroa St) with easy access to South Pasadena and Pasadena.
- Offered for sale for the first time in 17 years.
Overview
This offering presents a rare opportunity to acquire a 43-unit portfolio in Highland Park, a highly desirable sub-market of Los Angeles. The portfolio includes 820 Chestnut Ave, a 14-unit mid-century building constructed in 1959. The building encompasses 10,492 square feet and is situated on a 15,933 square foot lot. The unit mix features eight 1-bedroom, 1-bathroom units, three 2-bedroom, 1-bathroom units, two 2-bedroom, 2-bathroom units, and one studio apartment. Two units will be delivered vacant. This asset, offered for sale for the first time in 17 years, provides a value-add opportunity with potential for enhanced returns through rental upside and additional dwelling unit (ADU) additions. The property is zoned RD1.5-1. Located in a quiet neighborhood, the property is near the retail corridors of York Boulevard and Figueroa Street, with convenient access to South Pasadena and Pasadena.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.170585
- Latitude
- 34.117798
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 43-unit portfolio in a sought-after Los Angeles sub-market.
Where is this apartment building located?
The property is located at 820 Chestnut Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Rare 43‑unit portfolio opportunity in highly desirable Highland Park, Los Angeles.; Significant value‑add potential through rental upside and multiple ADU additions.; Favorable metrics: $164K/Door, 9.16 GRM, 6.81% Cap Rate.
