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125 W Chestnut Street

Glendale, CA 91204
  • $5,300,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: BB26092017
UPDATED: 64 min ago
$5,300,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1931
County:

School Ratings & Info

Listing Agent(s): Steve Hovakimyan of City Center Realty Group (818-845-5551)


Description

Fully renovated 15-unit apartment building with additional income from 8 storage units in prime Glendale location. Recently remodeled with updated interiors and systems, offering a turnkey investment opportunity. Offered below appraised value with a projected 6%+ CAP rate (pro forma). Ideal for lease-up or value-add strategy (buyer to verify). Conveniently located near The Americana at Brand and Glendale Galleria with easy access to shopping, dining, and major freeways. Excellent opportunity for investors and 1031 exchange buyers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-17T13:30:06.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/175890941
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125 W Chestnut Street Glendale, CA 91204

  • Price: $5,300,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 64 min ago
  • ID#: BB26092017
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1931
Built
Neighborhood:
628 - Glendale-South of 134 Fwy
County:
Los Angeles
Area:
628 - Glendale-South of 134 Fwy
Property Description
Fully renovated 15-unit apartment building with additional income from 8 storage units in prime Glendale location. Recently remodeled with updated interiors and systems, offering a turnkey investment opportunity. Offered below appraised value with a projected 6%+ CAP rate (pro forma). Ideal for lease-up or value-add strategy (buyer to verify). Conveniently located near The Americana at Brand and Glendale Galleria with easy access to shopping, dining, and major freeways. Excellent opportunity for investors and 1031 exchange buyers.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Front Yard Number Of Separate Electric Meters 15 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Electric Expense 240 Fuel Expense 0 Garage YN No Gross Income 333205 Gross Scheduled Income 448200 Insurance Expense 11500 Land Lease YN No Laundry Features Stacked Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 3000 Net Operating Income 333205 New Construction YN No New Taxes Expense 60367 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 114995 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 4800 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 12000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-17T13:30:06.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Steve Hovakimyan of City Center Realty Group (818-845-5551)