625 E Chestnut Street
Glendale, CA, 91205
$2,450,000
Beds
0 Baths
SqFt
0.16 Acres
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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 looking to make this property their home. The area is one of the most densely populated neighborhoods in Glendale with consistent high rental demand for apartment units.

Property Details

Price:
$2,450,000
MLS #:
25513763
Status:
Active
Baths:
0
Address:
625 E Chestnut Street
Type:
Residential Income
Neighborhood:
628glendalesouthof134fwy
City:
Glendale
Listed Date:
Mar 19, 2025
State:
CA
ZIP:
91205
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1958
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625 E Chestnut Street
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