1885 Chestnut AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25018988
Year Built 1944
Lot Size 7,487 Sqft
Property 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. 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.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Kitchen Oven Range - Gas
Interior
Heating Central Forced Air
Cooling None
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool 31,None
View None
Roof Type Shingle
Building
Water District - Public
Others
Special Listing Condition Not Applicable