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Image 1 - 508 Chestnut Ave, Los Angeles, California, 90042 - House for sale
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Home For Sale In Los Angeles, California
508 Chestnut Ave, Los Angeles, California, 90042

Home For Sale In Los Angeles, California

house for sale
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Listed: 04/19/24

508 Chestnut Ave, Los Angeles, California, 90042

7 Bed:
6 Bath:
3,615 Sq Ft Living Area:
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Price
$ 1,45M

About This House

Look no more! We are proud to present this charming 6-unit apartment building, which includes a Single-Family House in front and 5 apartments in the rear. This Highland Park complex presents a lucrative value-add investment opportunity in a prime location. The property has a desirable layout that contributes to ease of management and operational efficiency, making the property a great addition to first time investors or seasoned owners adding to the portfolio. The SFR in the front is 2 bed / 1 bath, and all the units in the back building are 1 bed / 1 bath. This asset is individually metered for gas / electricity and has individual water heaters in each unit. This Value-Add property has 40% upside …  Full description

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Los Angeles Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $1,590,389, an increase of 13.1% from the previous month.
Median price trends for properties for sale in Los Angeles, United States as of May 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.