Glendale, CA 91205,625 E Chestnut Street
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Glendale, CA 91205,625 E Chestnut Street
Glendale, CA 91205,625 E Chestnut Street
Glendale, CA 91205,625 E Chestnut Street
Glendale, CA 91205,625 E Chestnut Street
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625 E Chestnut Street Glendale, CA 91205

4,914 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,914 sqft

Price per Sqft $446

MLS Listing ID CL25513763

HOA Y/N No

Year Built 1958

Lot Size 6,970 Sqft

Acres 0.16

Property Sub-Type Other

Property Description

We are pleased to present 625 E. Chestnut Street, a seven-unit multifamily investment opportunity located in the Mariposa neighborhood of Glendale. This value-add asset will provide the next investor with approximately 21% of rental upside through an interior renovation program. A one-bedroom unit will be delivered vacant at the close of escrow. Constructed in 1958, 625 E. Chestnut Street comprises five one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one new one-bedroom/one-bathroom ADU unit. Sitting on a 6,968 square foot lot, the parcel is zoned R2250, making the existing seven units irreplaceable with the current zoning. The roughly 4,914 square feet of improvements boast one-bedroom units at 625 square feet, a two-bedroom unit at 975 square feet, and a two-bedroom ADU at 700 square feet. The ADU unit is equipped with a tankless water heater, central HVAC, and in-unit washer and dryer and all units have separate meters for gas and electricity. Recent capital improvements to the property also include a newer roof and updated electrical subpanels. Situated south of Colorado Street and east of Glendale Avenue, 625 E. Chestnut is less than a mile from the Americana and the Glendale Galleria making it an attractive asset to investors and prospective tenants l

Location

State CA

County Los Angeles

Zoning GLR4

Interior

Heating Wall Furnace, Other

Cooling Central Air

Fireplace No

Building

New Construction No

Others

Tax ID 5675004020


Bridge MLS
Listed by Sevak Keshishian • Marcus & Millichap
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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625 E Chestnut Street