1885 Chestnut Avenue 1885 Chestnut Avenue Long Beach, California 90806 United States
$1,899,000
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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...
- 688 m²
- Exterior
- Residential Income
- Property type
- 1944
- Year Built
- PW25018988
- Web Id
- PW25018988
- MLS ID
- Wrigley Area (WR)
- Subdivision
- 107
- days ago
This Property is Currently Contract Pending
About 1885 Chestnut Avenue
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. Theres 4 individual garages, laundry room, & spacious courtyard.
Listing Courtesy of Compass, Email/Phone : 213-536-9669
Listing Courtesy of Compass, Email/Phone : 213-536-9669
Amenities
- Vinyl Flooring
- Laminate Flooring
features
- cooling
- Central Heat, Propane Heating
- Parking
- Assigned Parking, Garage
- Community
- Sidewalks
- Additional Listing Type
- In Contract
PROPERTY INFORMATION
- Appliances
- GasRange
- Community Info
- Sidewalks
- Garage Info
- 4
- Heating
- Central
- Parking Description
- Assigned
- Sewer
- PublicSewer
- Water
- Public
EXTERIOR
- Lot Description
- ZeroToOneUnitAcre
- Roofing
- Shingle
INTERIOR
- Flooring
- Laminate, Vinyl
- Interior Features
- MultipleStaircases, AllBedroomsUp, AllBedroomsDown
ADDITIONAL INFORMATION
- Number of Units
- 8
Listing Courtesy of Compass, Email/Phone : 213-536-9669
- Market Trends in
Average Price
Bedrooms
days