1885 Chestnut Avenue, Long Beach, CA 90806
-
Listed Price :
$1,950,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1944
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. Rental Upside is over 10%, while Cap Rate on current rents is at 6.5% and 10.0 GRM. There’s 4 individual garages, laundry room, & spacious courtyard.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate, Vinyl |
| Interior Information |
| Features |
Multiple Staircases, All Bedrooms Up, All Bedrooms Down |
| Cooling Type |
None |
Listing Information
| Address |
1885 Chestnut Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Branden Chhuor DRE #01948722 |
| Courtesy Of |
Compass |
| List Price |
$1,950,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
7,487 |
| Year Built |
1944 |
Listing information courtesy of: Branden Chhuor, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 27th, 2025 at 1:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
