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Ayssa Escalante

ayssa.escalante@engelvoelkers.com +1(310) 728-0795

$ 8,000,000

Est. payment -/mo

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Active

323 E Chestnut St Glendale, CA 91205

27 Beds

24 Baths

13,925 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,925 sqft

Price per Sqft $574

MLS Listing ID 26873611

Bedrooms 27

Construction Status Updated/Remodeled

Year Built 1962

Lot Size 0.398 Acres

Acres 0.3978

Property Sub-Type Multi-Family

Property Description

323 E Chestnut Street, a well-maintained, 22-unit multifamily community located in one of Glendale's most desirable and highly walkable neighborhoods. Built in 1962, the property contains approximately 13,925 square feet of building area and features an attractive unit mix consisting of one studio, 19 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Ownership has completed substantial interior renovations, with 21 of the property's 22 units upgraded, providing an investor with the opportunity to acquire a largely renovated asset with limited near-term interior capital requirements along with approximately 10% upside in rents. The property is centered around a spacious courtyard and swimming pool, creating an appealing residential environment that distinguishes it from many competing apartment buildings. Additional amenities include on-site laundry facilities, resident storage and 16 on-site parking spaces. 323 E Chestnut Street also benefits from an exceptional Downtown Glendale location within walking distance of The Americana at Brand, the Glendale Galleria and a wide variety of restaurants, cafs, entertainment venues and everyday services. With a Walk Score of 96, designated a "Walker's Paradise," residents can complete most daily errands on foot, providing the property with a meaningful competitive advantage and supporting its long-term rental appeal. 323 E Chestnut Street presents investors with the opportunity to acquire a substantially renovated Glendale apartment community offering a favorable unit mix, attractive resident amenities, exceptional walkability, all in a highly sought after downtown Glendale location.

Location

State CA

County Los Angeles

Area Glendale-South Of 134 Fwy

Zoning GLR4YY

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Heating Wall

Cooling Wall/Window

Flooring Laminate

Equipment Dishwasher, Garbage Disposal, Range/Oven, Refrigerator

Laundry Laundry Area

Exterior

Parking Features Private Garage, Covered Parking

Garage Spaces 16.0

Pool In Ground

Roof Type Flat

Building

Lot Description 2-4 Lots

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Investment Real Estate Associates

Ayssa Escalante

Broker Associate | License ID: 01215536

+1(310) 728-0795

Ayssa Escalante

323 E Chestnut St Glendale, CA 91205

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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323 E Chestnut St