Chestnut Apartments | 15 Units
Asking Price Below Recent Appraised Value
Marketing description
City Center Realty Group Presents a compelling opportunity to acquire a fully renovated 15-unit apartment building with 10 storage units, offering an additional income stream and enhanced cash flow potential.
The property has recently undergone a major renovation, including upgraded interiors, modern finishes, and improvements to key systems, positioning the asset for strong leasing performance and long-term stability.
Offered at an asking price below appraised value, with a projected 6%+ CAP rate (pro forma), this investment provides immediate upside through lease-up and rental optimization.
Strategically located near The Americana at Brand and Glendale Galleria, the property benefits from excellent walkability and proximity to major employment centers.
Investment highlights
15-Unit Apartment Building + 10 Storage Units
Fully Renovated – Major Remodel Completed
Asking Price Below Recent Appraised Value
Projected 6%+ CAP Rate (Pro Forma)
Prime Glendale Location: Just minutes from The Americana at Brand and Glendale Galleria
Strong Rental Market Fundamentals
Ideal for 1031 Exchange Buyers
Additional Income Potential: Storage units and rental upside enhance overall cash flow
Excellent Connectivity: Easy access to the 134, 5, and 2 freeways, and proximity to major employment hubs
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