1885 Chestnut Avenue, Long Beach, CA 90806
-
Listed Price :
$2,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1944
Property Description
Amazing prime investment in this OPPORTUNITY ZONE. This 8-unit apartment complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Units have been tastefully remodeled to go along with a brand NEW roof install last year in one of the buildings. A 2 bedroom unit will be delivered VACANT & remodeled. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU's. All tenants are on month-to-month leases and consistently meet their obligations. Huge Rental Upside with 11.46 GRM AND 5.9% CAP. Don't miss out on this smart investment in a sought-after location.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Features |
All Bedrooms Up, All Bedrooms Down |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate, Vinyl |
| Interior Information |
| Features |
Ceiling Fan(s), 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 |
$2,200,000 |
| 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 Oct 12th, 2024 at 1:22 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.
