Properties

Los Angeles, CA 90042 820 Chestnut Avenue

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Presented By: Eric Dilanian with Remax Commercial and Investment Realty;
  • MLS# 26665521
  • 03/19/2026
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  • Beds • 16
  • Baths • 8
  • SQFT • 10,492

Home Details

We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets: 820 Chestnut Ave, a 14-unit mid-century building, is 1 of 3 assets offered either individually or as a portfolio. The property was built in 1959 and features a 10,492 square foot building situated on a large 15,933 square foot lot, zoned RD1.5-1. The property offers an excellent unit mix consisting of eight (1+1) units, three (2+1) units, two (2+2) units, and one (0+1) unit. Offered for sale for the first time in 17 years, the asset presents an excellent value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. Ideally located in a quiet and quaint neighborhood, tenants will enjoy close proximity to LA's top retail corridors of York Blvd and Figueroa Street, as well as easy access to South Pasadena and Pasadena. ASSET 2 OF 3: 5629 Monte Vista St | 90042 (12 Units) See Listing Details ASSET 3 OF 3: 217 S Avenue 54 | 90042 (17 Units) See Listing Details. DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or developmentโ€‹โ€‹โ€Œโ€‹โ€‹โ€‹โ€‹โ€Œโ€‹โ€‹โ€Œโ€Œโ€‹โ€‹โ€Œโ€‹โ€‹โ€‹โ€Œโ€Œโ€‹โ€‹โ€‹โ€‹โ€‹โ€‹โ€Œโ€Œโ€‹โ€Œโ€Œโ€Œโ€‹โ€‹โ€Œโ€Œโ€‹โ€‹โ€Œโ€‹ feasibility.
Presented By: Eric Dilanian with Remax Commercial and Investment Realty;

Interior Features for 820 Chestnut Avenue

Bedrooms

Total Bedrooms16

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

LivingAreaSourceOther
Heating Y/NYes
Laundry FeaturesLaundry Room
Total Stories

General for 820 Chestnut Avenue

Cap Rate5.77
CityLos Angeles
CountyLos Angeles
DirectionsGoogle Maps or Waze.
Full Baths
Gross Income239916
HOANo
HeatingWall Furnace
LevelsTwo
Living Area10492
Lot Size Square Feet15933
Lot Size UnitsSquare Feet
MLS Area632 - Highland Park
Net Operating Income144061
New ConstructionNo
Number Of Units Total14
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1959
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 820 Chestnut Avenue

Building Area Total10492
Lot Dimensions105x150
Lot Size Acres0.3658
Lot Size Area15933
Lot Size SourceOther
Number of Buildings1
Parking FeaturesDriveway Down Slope From Street, Driveway
Total Parking30

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,495,000
MLS#26665521
List Date 03/19/2026
Property Type Multi-Family
Phone 888.795.6274
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