117 W Chestnut Street

    Glendale, CA 91204
    • $4,650,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: OC19124535
    UPDATED: 66 min ago
    $4,650,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,024
      SQFT
    • $580
      $/SQFT
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    Completion is projected to be late June 2019. Currently under construction are five units consisting of 3 bedroom and 2.5 bath each. Unit size ranging from 1,495 to 1,828 Sq. Ft. Modern amenities include laundry hook-up in each unit,building security system. The building is being constructed with condo specifications for possible future condo conversion. All units are townhouse style with assigned two parking per unit as well as 3 guest parking. Parking is subterranean. Income and expenses are projected at this time.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95588659

    117 W Chestnut Street Glendale, CA 91204

    • Price: $4,650,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: OC19124535
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    8,024
    SQFT
    $580
    $/SQFT
    2019
    Built
    Neighborhood:
    628 - Glendale-South of 134 Fwy
    County:
    Los Angeles
    Area:
    628 - Glendale-South of 134 Fwy
    Property Description
    Completion is projected to be late June 2019. Currently under construction are five units consisting of 3 bedroom and 2.5 bath each. Unit size ranging from 1,495 to 1,828 Sq. Ft. Modern amenities include laundry hook-up in each unit,building security system. The building is being constructed with condo specifications for possible future condo conversion. All units are townhouse style with assigned two parking per unit as well as 3 guest parking. Parking is subterranean. Income and expenses are projected at this time.
    Exterior Features

    Architectural Style Traditional Direction Faces South Garage Spaces 0.00 Lot Features Lot 6500-9999Rectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Down Slope From StreetSubterranean Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat Spa Features None Spa YN No View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1495 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Laundry Features Inside Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 3.50 Community Features Street Lights Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 2400.00 Gross Income 0.00 Gross Operating Income 226380.00 Gross Scheduled Income 231000.00 Gross Spendable Income 163620.00 Insurance Expense 4500.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Licenses Expense 400.00 Maintenance Expense 3000.00 Net Operating Income 173820.00 New Construction YN Yes New Taxes Expense 55500.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 0 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 5 Number With Disposal 5 Number With Drapes 0 Number With Patio 0 Number With Range 5 Number With Refrigerator 0 Operating Expense 61800.00 Other Expense 1500.00 Other Expense Description Legal Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Pest Control Expense 1200.00 Pool Expense 0.00 Present Loans 0 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Expense 0.00 Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 500.00 Tenant Pays ElectricityGasTelephoneWater Total Actual Rent 19250.00 Total Expenses 72000.00 Trash Expense 3000.00 Utilities Cable Available Vacancy Allowance 4620 Vacancy Allowance Rate 2.00 Water Sewer Expense 3000.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Seller Zoning Glr4yy

    Listing provided courtesy of Joele Romeo of Surterre Properties Inc and Haig Barsamian of Barsam & Associates, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024