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3515 Chestnut Ave
For Sale $6,005,000
$6,005,000
- Units
- Unknown Sq Ft
- 36,000 Sq Ft
- Unknown Cap Rate
Description
3515 Chestnut Ave is situated on an expansive 0.83-acre lot, this well-maintained property consists of three separate buildings encompassing a total of 20 spacious rental units. The asset offers a highly desirable mix of units, including one three-bedroom, one-and-a-half-bath unit; one two-bedroom, one-and-a-half-bath unit; and eighteen large two-bedroom, one-bath units. (16) of the (20) residences have been extensively renovated with new cabinets and countertops, updated vanities, and luxury plank vinyl (LPV) flooring. Every unit comes equipped with dishwashers, garbage disposals, and air conditioning, and each includes its own private outdoor patio or balcony. Assumable financing is available at 5.40% until 2029 Altogether, the property provides 18,050 square feet of living space, surrounded by landscaping and a serene atmosphere. At the heart of the community is a tranquil swimming pool. Additional amenities include a covered patio, a common area, and an on-site laundry facility with 4 owned washers and dryers. Parking is abundant, offering one covered space per unit along with eight additional rentable spaces. The community is securely enclosed by an iron gate with keyless entry access. Management fee includes property management plus on-site manager credit of $1,400/month
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $6,005,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 8 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 1132020320 |
| MLS # | ML82014622 |
| Property ID | 319288927 |
| Lot Sqft | 36,000 |
| Zoning | RM |
| Days on Market | 147 |
| Original List Price | $6,500,000 |
| Date Updated | September 05, 2025 |
| Date Created | July 14, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Tony Zizzo an agent of Compass. Lic #01962093
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 05, 2025 The information being 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.
Robert Crawford
REAL ESTATE AGENT