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  • 323 E Chestnut Street

323 E Chestnut Street, Glendale, CA 91205

$8,000,000 Approx. USD 27 beds, 24 baths
13,925 sqft
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Photo of Andy Achen

Andy Achen REALTOR® - Sales Associate 818-749-5538 m
Lic#: 01759969
NRDS ID: 207051870
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Lic#: 01759969
NRDS ID: 207051870
AndyTheRealtor@sbcglobal.net Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Listing Agent


David Leibowitz | dleibowitz@irea.com
Lic#: 01912487
Broker: Courtesy of Investment Real Estate Associates
Phone: 818-574-5132

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26873611
Price: $8,000,000
Beds: 27
Baths: 24
Built in 1962
13,925 sqft
2 stories
0.40 acres
Lot size: 0.3978
County: Los Angeles
Zoning: GLR4YY
Appliances: Dishwasher,Disposal,Refrigerator
Parking description: Covered,Private
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 628 - Glendale-South of 134 Fwy

Last Updated: 8/18/2026

 Days On Market (DOM): 28

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This listing belongs to the 628 - Glendale-South of 134 Fwy MLS area

Lat/Long: 34.140187, -118.251483.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Andy Achen

Andy Achen REALTOR® - Sales Associate 818-749-5538 m
Lic#: 01759969
NRDS ID: 207051870
AndyTheRealtor@sbcglobal.net Text Me
Call My Cell
Lic#: 01759969
NRDS ID: 207051870
AndyTheRealtor@sbcglobal.net
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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