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1885 Chestnut Avenue, Long Beach, CA 90806
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1885 Chestnut Avenue
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  • MLS#: PW25018988 ( Multi-Family )
  • Street Address: 1885 Chestnut Avenue
  • Viewed: 13
  • Price: $1,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 32
  • 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 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. Theres 4 individual garages, laundry room, & spacious courtyard.
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Features
Property Type
  1. Multi-Family
Views
  1. 13