1885 Chestnut Avenue, Long Beach, CA 90806
  • MLS#: PW24110236 ( Multi-Family )
  • Street Address: 1885 Chestnut Avenue
  • Viewed: 23
  • Price: $2,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 270
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Subdivision: Wrigley Area (wr)
  • Provided by: Compass
  • Contact: Branden Branden
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Property Type
  1. Multi-Family
Views
  1. 23