2351 Chestnut is a charming Spanish style 6-unit property originally built in 1929 consisting of Six One-bedroom units, five individual garages and an on-site laundry facility. Five out of Six units were renovated from 2015-17, including refinished original hardwood floors, new kitchen cabinets, granite counters, updated bathrooms with new tiling, new vanities, and plumbing fixtures throughout. In addition, the main electrical panel was upgraded to a 200 AMP service and all new 60 AMP circuit breakers were installed in 2015. Full exterior paint and a new front gate were installed in 2019 and drought tolerant landscaping added in 2021. Rents remain approximately 28% below market, as current market rents are now significantly higher than at the time the five units were leased. This is a rare opportunity to purchase a clean Six-unit complex in a rapidly growing coastal California City with minimal capital improvements needed and strong upside in rents.
|
DAYS ON MARKET
|
98
|
LAST UPDATED
|
9/22/2021
|
|
TRACT
|
Wrigley Area (WR)
|
YEAR BUILT
|
1929
|
|
COMMUNITY
|
Wrigley Area
|
GARAGE SPACES
|
5.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| AREA |
Wrigley Area |
| GARAGE |
Assigned, Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
6501 sq ft |
| LOT DESCRIPTION |
Landscaped, Rectangular Lot, Street Level |
| PARKING |
Assigned,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,Sewer Assessment(s) |
| STORIES |
1 |
| SUBDIVISION |
Wrigley Area (WR) |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER |
Public |
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/24 10:14 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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