$2,495,000

820 Chestnut Avenue, Los Angeles, CA 90042

  • 16 beds |
  • 16 baths |
  • 10,492 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon0.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $238/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

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 development​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​​‌‌‌​​​​​‌‌​​​‌ feasibility.

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
April 2, 2026 at 6:16AM
Listing Office:
Remax Commercial and Investment Realty : 213-817-1000
Listing Agent:
Eric Dilanian : 213-233-4379
MLS ID:
26665521
  • Laundry: Laundry Room
  • Heating: Wall Furnace
  • Parking: Driveway Down Slope From StreetDrivewayParking spaces: 30
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LARD1.55493037002
  • Source: CRMLS_CL

This listing courtesy of Eric Dilanian , Remax Commercial and Investment Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

San Pascual STEAM Magnet

815 San Pascual Ave, Los Angeles, CA, 90042

Grades KG-5

0.11 miles away

L

Luther Burbank Middle School

6460 N Figueroa St, Los Angeles, CA, 90042

Grades 6-8

0.73 miles away

B

Benjamin Franklin High School

820 N Avenue 54, Los Angeles, CA, 90042

Grades 9-12

1.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.