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$1,899,000
62 Days On Site

1885 Chestnut Avenue
Long Beach, CA 90806

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
6,523
SqFt
$291
/SqFt
1944
Built
Subdivision:
Wrigley Area (WR)
County:
Los Angeles
Listed by Branden Chhuor of Compass [email protected]

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1885 Chestnut Avenue1885 Chestnut Avenue1885 Chestnut Avenue1885 Chestnut Avenue
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Monthly Payment (Est.)

$8,664
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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 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. There’s 4 individual garages, laundry room, & spacious courtyard.

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Listing Snapshot
Price 
$1,899,000
Days On Site 
62 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,523 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1719 Acres
Year Built 
1944
MLS® Number 
PW25018988
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing updated with changes from the MLS®
a month agoPrice changed to $1,899,000
2 months agoListing first seen on site
General Features
Acres 
0.1719
Garage 
Yes
Garage Spaces 
4
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
4
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6523
Stories 
Two
Utilities 
Natural Gas AvailableElectricity AvailableElectricity ConnectedNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
Water Source 
Public
Zoning 
LBR2N
Interior Features
Appliances 
Gas Range
Fireplace Features 
None
Flooring 
LaminateVinyl
Heating 
Central
Laundry Features 
Common Area
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Exterior Features
Fencing 
Wrought Iron
Pool Features 
None
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
East
Community Features 
Sidewalks
Financing Terms Available 
Conventional
MLS Area 
5 - Wrigley Area


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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