1885 Chestnut Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,523 sqft
Price per Sqft $291
Subdivision Wrigley Area
MLS Listing ID PW-25018988
Year Built 1944
Lot Size 7,487 Sqft
Property Sub-Type Apartment
Property Description
Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 7-unit plus 1 non-conforming remodeled unit complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Four (4) units have been tastefully remodeled to go along with a brand NEW roof and brand new water heater. Has great potential rental upside, while Cap Rate on current rents is at 7.60% and 8.8 GRM. There's 4 individual garages, laundry room, & spacious courtyard.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Interior Features 2 Staircases
Heating Central
Cooling None
Flooring Laminate,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available,Sewer Connected,Water Available,Water Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer