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$3,300,000
45 Days Online

1825 Chestnut Avenue
Long Beach, CA 90806

For Sale|Multi-Family|Active
Subdivision:
Wrigley Area (Wr)
County:
Los Angeles
Listing Courtesy of Kevin King with Marcus & Millichap

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1825 Chestnut Avenue1825 Chestnut Avenue1825 Chestnut Avenue1825 Chestnut Avenue
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We are pleased to present a 12-unit apartment building located in South Wrigley neighborhood of Long Beach. Built in 1959, the subject property consist of 8,536 rentable square feet spread throughout a 7,499 square foot lot. The unit mix consists of eight 1- bedroom/ 1- bathroom units and four 2 -bedroom/ 1 -bathroom units. There are eight garages used to generate additional income for owner. Recent renovations include new windows, paint, and hardwood floors. With all section 8 tenants occupying the building, over 70% of the income is government guarantee. Owners enjoy the high demand rental location for blue collar workers, resulting in consistent low vacancy rates and increasing rents. Tenants enjoy living close to Pacific Coast Hwy, public transportation, major freeways, and schools. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset with high demand rental market in a great neighborhood of Long Beach.

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Listing Snapshot
Price 
$3,300,000
Days Online 
45 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,536 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1959
MLS Number 
PW21229296
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Parking Spaces 
8
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.17
Water 
Public
Attached Garage 
No
Zoning 
LBR2N
Listing Conditions 
Standard
Interior Features
Laundry Features 
None
Fireplace 
No
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Exterior Features
Spa 
No
Pool Features 
None
Waterfront Property 
No
Lot 
Item1115 Units Acre
Community Features
Community Features 
CurbsGuttersStreet LightsSidewalks
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
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