Stunningly gorgeous 2 unit property located next to the cafe and ice cream shop called College Treats in desirable Chestnut Hill neighborhood! This property was renovated top to bottom in 2020 and as a result is in a LERTA tax savings program through 2029! The first floor apartment is leased to a tenant for $1,350/month (gas heat and central air; gas and electric paid by Tenant). Apt #2 is the 2nd and 3rd floors of the property and is a 2 bed, 2 bath apartment on a new one year lease for $1,675/month (mini split systems for heat + cooling; Tenant pays electric). Both apartments offer high end finishes including granite counters, wood floors, exposed brick walls, drywall ceilings with recessed lighting, central air, dishwasher, built-in microwave, all vinyl windows & more! There is shared laundry and a shared yard. Easy, non-metered street parking readily available on Marietta, College Ave & Chestnut Streets. All mechanicals, roof, appliances and finishes are only 5 years old. Landlord pays water/sewer, trash, house electric. LERTA Tax savings: 2025: 50% discount on tax bill. Each year the discount decreases by 10% through 2029. CURRENT CAP RATE 6.3%. Gross Income $36,300 at the rents stated herein. Est. NOI $29,532. Income/Expense Proforma with LERTA tax savings details available. Note: The new one year lease on apartment 2 is the tenant who was in apartment one. Tenant took the larger apartment when it became available – this is a testament to the excellent location, conditions, marketability and livability of this property!
The income description goes here to explain
| List Price | $469,999 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,844 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1875 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3357154700000 |
| MLS # | PALA2065742 |
| Property ID | 321424088 |
| Lot Sqft | 1,742 |
| Zoning | R4; HIGH DENSITY |
| Total Units | 2 |
| Days on Market | 263 |
| Original List Price | Unknown |
| Date Updated | July 18, 2025 |
| Date Created | April 03, 2025 |
Corinn E. Kirchner an agent of PPM Real Estate, Inc.. Lic #RM425642
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT