Chestnut Apartments
125 W. Chestnut St., Glendale, CA 91204
5,300,000
Price
353,333.00
Price Per Unit
6.29%
Cap Rate Proforma
11.83
GRM Proforma
15
Number of Units
100
Occupancy Proforma
15 Units In Glendale, CA
Newly Renovated 15-Unit Apartment Building + 10 Storage Units
An exceptional multifamily investment opportunity in the heart of Glendale. 125 W. Chestnut Street is a 15-unit apartment building that has recently undergone a major remodeling, offering both stability and future upside. The property’s renovations include updated interiors, modernized systems, and refreshed common areas — ensuring low maintenance and high tenant satisfaction for years to come. In addition to the apartment units, the property features 10 rentable storage units, providing an additional income stream and increasing the property’s overall return on investment. With strong tenant demand and limited vacancy in the area, this asset represents an ideal combination of quality, location, and income potential. Highlights: 15 updated apartment units 10 income-producing storage units Recently remodeled with quality finishes Prime Glendale rental market with historically low vacancy
Prime Glendale Location — Minutes from The Americana, Galleria & Major Employers
Situated in the heart of Glendale, this property offers tenants the perfect blend of convenience, lifestyle, and accessibility. Located just blocks from The Americana at Brand and Glendale Galleria, residents will enjoy walking access to premier shopping, dining, and entertainment options. The property benefits from proximity to major employment hubs in Burbank, Pasadena, and Downtown Los Angeles, with easy freeway access via the 134, 2, and 5 Freeways. Glendale’s reputation for safety, excellent schools, and vibrant community life continues to attract long-term, quality tenants — making it one of the strongest rental submarkets in Los Angeles County. Neighborhood Highlights: Steps from Downtown Glendale and major retail destinations Easy access to I-5, 134 & 2 Freeways Close to major studios and business centers Strong tenant demand and limited rental supply
Steve Hovakimyan
Broker
(818) 845-5551
Steve@CityCenterRG.com
01363908
Location & Neighborhood
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