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$1,899,000
47 Days On Site
1885 Chestnut AvenueLong 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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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
47 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
| 4 weeks ago | Status changed to Active | |
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 weeks ago | Price changed to $1,899,000 | |
| 2 months ago | Listing 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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