FOR SALE0.69 ACRES
Listed by ERIC CHEN, CB RICHARD ELLIS, (909) 418-2000
500 Chestnut Ave
Los Angeles, CA 90042
Highland Park- 32 Beds
- 27 Baths
- 16,840 sqft (on 0.69 acres)
- 32 Beds
- 27 Baths
- 16,840 sqft (on 0.69 acres)
32 Beds
27 Baths
16,840 sqft
(on 0.69 acres)
Local Information
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-- mins to
Commute Destination
Description
We are proud to present the opportunity to purchase 500 Chestnut Avenue, a 20-unit multifamily community in the Highland Park submarket of Los Angeles County. 500 Chestnut Avenue is located in the Northeast region of Los Angeles County, adjacent to popular affluent neighborhoods like South Pasadena, Pasadena, and Glendale. Highland Park is one of LA’s fastest growing rental markets and highly sought after by young professionals and creatives. The property enjoys immediate access to the 110 freeway – connecting to freeways 210, 10, 5, and 101 allowing convenient commutes to DTLA, San Fernando Valley, and San Gabriel Valley. Nearby attractions include The Rose Bowl, Huntington Library, Pasadena’s Playhouse Village, Dodger Stadium, Glendale Galleria, and much more. Cal State University of LA is also located within 6 miles of the property. Additionally, the property is located just blocks from heavy retail corridors on York Blvd, Figueroa Street, and a short drive to heavy retail corridors in Pasadena. Some local retailers include Trader Joes, Starbucks, CVS, Smart & Final, and several chain and boutique restaurants. Also within a short 10-minute drive are several schools, parks, medical facilities, and big box retailers. 500 Chestnut Avenue is a 2-story garden-style multifamily community - offering approximately 16,840 SF of rentable living space spanning across approximately 30,000 SF of land. The property features 8, 1-bedroom/1- bathroom units, 5, 2-bedroom/1-bathroom units, and 7, 2-bedroom/1.5-bathroom units averaging 619, 860, and 900 square feet, respectively. Tenants in the community enjoy amenities such as secured gated access, ample on-site parking, an on-site laundry facility, access to on-site management, open space, and well-maintained matured landscaping. Select units feature renovated floorplans that include amenities like new hardwood-like flooring, foot moldings, recessed lighting, quartz countertops, newer kitchen cabinetry, kitchen appliances, upgraded bathrooms with vanity lighting and tiled shower walls, hallway storage, walk-in closets, mirrored closet doors, ceiling fans, wall AC units, and more.
Home Highlights
Parking
33 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$303
Listed
32 days ago
Home Details for 500 Chestnut Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 32Number of Bathrooms: 27 |
Appliances & Utilities Laundry: Common Area |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Spa: NoneNo Spa |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Open Parking Spaces: 33No GarageParking Spaces: 33 |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 32 |
Property Information |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 5493033026 |
Price & Status |
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Price List Price: $5,100,000Price Per Sqft: $303 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Los Angeles |
Agent Information |
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Listing Agent Listing ID: CV24031120 |
Building |
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Building Area Building Area: 16840 Square Feet |
Community |
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Community Features: Curbs, SidewalksNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 0.69 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: CV24031120Attribution Contact: 626-757-5717 |
Additional Information |
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CurbsSidewalks |
Last check for updates: about 9 hours ago
Listing Provided by: ERIC CHEN DRE #01489184, (626) 757-5717
CB RICHARD ELLIS
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV24031120
Price History for 500 Chestnut Ave
Date | Price | Event | Source |
---|---|---|---|
02/14/2024 | $5,100,000 | Listed For Sale | CRMLS #CV24031120 |
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Property Taxes and Assessment
Year | 2023 |
---|---|
Tax | $13,060 |
Assessment | $856,813 |
Home facts updated by county records
Comparable Sales for 500 Chestnut Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
---|---|---|---|---|---|---|---|
0.50 | Multi-Family Home | $4,540,000 | 05/31/23 | 28 | 20 | 15,516 | |
0.80 | Multi-Family Home | $2,100,000 | 01/17/24 | 22 | 16 | 11,396 | |
0.23 | Multi-Family Home | $1,901,250 | 12/19/23 | 10 | 8 | 6,000 | |
1.40 | Multi-Family Home | $5,575,000 | 04/05/24 | 24 | 24 | 16,534 | |
0.88 | Multi-Family Home | $4,450,000 | 05/15/23 | 10 | 20 | 9,704 | |
0.30 | Multi-Family Home | $1,450,000 | 01/23/24 | 7 | 4 | 3,130 | |
1.43 | Multi-Family Home | $4,210,500 | 05/31/23 | 18 | 18 | 8,356 | |
0.29 | Multi-Family Home | $975,000 | 06/02/23 | 6 | 3 | 2,554 | |
1.42 | Multi-Family Home | $4,250,000 | 02/02/24 | 16 | 14 | 10,850 | |
1.63 | Multi-Family Home | $5,850,000 | 12/28/23 | 14 | 14 | 11,962 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Highland Park
- Hannah Gutierrez
- Resident
- 2mo ago
"Residents are very supportive of schools in the neighborhoods when it comes to fundraising, food insecurity, parades, etc"
- Lisa Husmann
- Visitor
- 3mo ago
"Super chill neighborhood. Safe and quiet. Parks, groceries and resteraunts are all within walking distance. "
- Alicia Valtierra
- Prev. Resident
- 4mo ago
"Highland park is a mix of retro and modern. Lots of cute fun bars and restaurants. Some tailored to OG locals and some tailored to new hipsters. Overall a great feel. Lots of good food. Mostly quiet even with the bars. "
- Trulia User
- Resident
- 1y ago
"There are 2 dog parks and dog friendly shops. Popping fireworks during holidays are popular here. May scare the dogs but very beautiful views. "
- Trulia User
- Visitor
- 2y ago
"Pleasant family and pup friendly neighborhood, good eats and easy access, short drives to neighboring towns in LA/SGV area. "
- Trulia User
- Resident
- 2y ago
"I like it here. My dog likes it here. My friends like it here. My visiting family liked it here. There are some delicious places to eat."
- Trulia User
- Prev. Resident
- 2y ago
"Very safe neighborhood. Close and convenient to many locations. Would recommend for anyone. Many families in neighborhood."
- Trulia User
- Resident
- 3y ago
"Illegal fireworks set off by residents for May, June and July make the gunshots less noticeable. Great farmers market every Tuesday afternoon. "
- Trulia User
- Resident
- 3y ago
"Love it, everyone has a dog and most are friendly. People understand occasional barking or crying. It’s lovely. "
- Larinmarcy
- Resident
- 3y ago
"I lot of bars and restaurants in the area. Everything close together. Nice big park and dog parks near by. Rent is not too expensive. A lot of trees around the area. Feels very comfortable. You can walk to bars and restaurants too. "
- Laura H.
- Resident
- 3y ago
"Highland park art walk is cool and there is always a lot going on at parks for families. Also the farmers market on Tuesdays"
- Guadalupe G.
- Resident
- 3y ago
"Walkable neighborhood. Many restaurants and markets within short distance. Fun neighborhood very family friendly; many things to do here."
- Pascale B.
- Resident
- 3y ago
"The school system needs to improve a bit ...mixing the different background, socioeconomic is important. It will change in few years . "
- Emily A.
- Resident
- 3y ago
"It has less congestion than the west side during the day especially rush hour. Therefore I tend to stay in this neighborhood and continue to make it feel more like home. "
- Emily A.
- Resident
- 3y ago
"There are pockets of unsafe areas that are somewhat easy to spot. Other than those areas you’ll be safe. "
- Alejandra V. B.
- Visitor
- 3y ago
"The anual parades, Christmas and car shows, the farmers markets. Annual music events. Need to have a 4th of July fireworks show"
- Crystal F.
- Resident
- 3y ago
"There are sidewalks. However, many dog owners leave their dogs in their front fenced yards which leaves them overly aggressive & can be quite uncomfortable when walking your dogs, especially if you have small dogs and a huge aggressive pit bull tries to jump through their fence. I see why the neighborhood has received the nickname “Highland Bark.” While this treatment of dogs is inhumane, it also lends to an uncomfortable stroll with your furry friends. In addition, apparently “illegal” doesn’t seem to apply to fireworks in this neighborhood. They’re pretty much a year round event here and several months leading into July you’ll hear nightly fireworks which traumatize most dogs. Just being real. This isn’t an ideal dog neighborhood unless you don’t care about your dog. "
- Benny16mm
- Resident
- 3y ago
"I’ve lived here for 6yrs, and out of all the 3 other areas in LA I’ve lived. This place feels the most like a community."
- Tracy P.
- Resident
- 3y ago
"Several young families in the neighborhood, ranging in socioeconomic backgrounds. Kids are often heard and seen playing in their yards. Sometimes there is sidewalk chalk art."
- Katherine F.
- Resident
- 3y ago
"Easy enough. Small, old streets and lots of pedestrians so it’s important to drive slow. It’s mostly residential and very hilly so everything takes a bit of time. "
- Erica R.
- Resident
- 3y ago
"People don’t pick up after their dogs and it’s upsetting as it’s such a great neighborhood. Some people have their dogs sleep outside which you can hear barking. "
- Katherine K.
- Resident
- 4y ago
"The local artists’ events are what really make it special...from No WiFi at the Hi Hat or mariachi music at the first Friday art fair. It’s especially fun when the Bob Baker puppeteers bring their marionettes across the street to the park for the kids to enjoy."
- Cindy W.
- Resident
- 4y ago
"It is pretty easy to get around because of easy access to several freeways. Getting to surrounding areas is easy too, traffic is never too heavy."
- Sandy M.
- Resident
- 4y ago
"We love our city of Highland Park, location is best to everything. If you need Downtown 10 minutes, next to Pasadena, Glendale. You want Beaches 30 minute drive. Thinking mountains for skiing, 1 hour away. This is the best location close to everything!"
- Tracy P.
- Resident
- 4y ago
"I work in Pasadena and live in the Garvanza area of HP. I primarily drive, but have walked to the Gold Line stop (about 1 mile from where I live) to work and biked. My husband sometimes works downtown. His commute is 40 min during rush hour, 20-25 outside of rush hour."
- Chelseafloreshlp
- Resident
- 4y ago
"Traffic isn’t great if you are taking surface streets but easy access to multiple major freeways such as the 110 , 2 , and 134"
- Trulia User
- Resident
- 4y ago
"North Highland Park is a calm place to live, especially now that York Blvd. has food trucks and the other establishments participating in the weekend food sales outside on the sidewalks!!"
- Lori409
- Resident
- 4y ago
"Weekend outings on York, lots to eat and enjoy the walk!! Summer time is more exciting and everything open late!"
- Meghan
- Resident
- 4y ago
"It’s a great place to walk your dog ~ there is level ground and easily walk to shops and take your dog on a stroll!"
- Collin C.
- Resident
- 4y ago
"A charming neighborhood feel with a diversity of people, restaurants, bars, music venues, and shops. Highly walkable. You could potential do all your errands on foot. A private residential feel with amazing commercial options. A low key vibrant vibe. "
- Collin C.
- Resident
- 4y ago
"Lots of dog owners in the neighborhood. Some are more walked than others. There are old school guard dogs as well. "
- Nhen44
- Resident
- 4y ago
"There are plenty of dog parks and local events for dogs. Many people walk their dogs and pick up after their pets. "
- Nhen44
- Resident
- 4y ago
"There are parks, recreation centers, and libraries within walking distance. There is a skate park as well. "
- Lin J.
- Resident
- 4y ago
"There’s a lot of dog owners in the area, very walkable. But not everybody picks up after their dog. "
- Karenv76
- Resident
- 4y ago
"Becoming more family friendly. I see more parks and playgrounds in the area. Not sure about the local schools. "
- Mz4metoo
- Resident
- 4y ago
"Folks are friendly parking isn’t great we have street cleaning so it’s hard to find parking . Your centrally located . Stores are close by and there’s buses . Houses are too high it’s very expensive. "
- Armando Rodriguez
- Resident
- 5y ago
"high crime tons of homeless parking is ridiculous to near impossible frequent gun fire close to stores restaurants busses metrorail freeway"
- Andrew L. P.
- Resident
- 5y ago
"The people! The goodness and kind neighbors make this community! For, all any community ever really is is the people ... And here I am glad I see, know and meet awesome people everyday and it's welcoming!"
- murph3640
- Resident
- 5y ago
"Lived here for 5 years. Great neighborhood. Close to everything in LA. Walkable to grocery stores, shops and nightlife. Diverse population. Great bars and restaurants. Good parks nearby. Love it. "
- murph3640
- Resident
- 5y ago
"Lived here for 5 years and love the diversity and convenience of this neighborhood. It’s a major hub in this the city with high end restaurants, the best taco trucks, shops and great neighbors. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
ERIC CHEN, CB RICHARD ELLIS
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 2024-01-24 10:53:37 PST 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
500 Chestnut Ave, Los Angeles, CA 90042 is a 32 bedroom, 27 bathroom, 16,840 sqft multi-family built in 1930. 500 Chestnut Ave is located in Highland Park, Los Angeles. This property is currently available for sale and was listed by CRMLS on Feb 14, 2024. The MLS # for this home is MLS# CV24031120.