1885 Chestnut Avenue

Long Beach, CA 90806

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,523 Sqft
  • 7487
    Sqft(Lot)
$1,950,000

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. there’s 4 individual garages, laundry room, & spacious courtyard.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    48449805

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: Multiple Staircases,All Bedrooms Up,All Bedrooms Down
    • Property Appliances: Gas Range
    • Fireplace: None
    • Flooring: Laminate,Vinyl

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0
  • Building Information

    • Year Built: 1944
    • Building Area Total: 6,523
    • Roof: Shingle

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Wrought Iron
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1719
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7487
  • Listing Price Information

    • Original List Price: 1,950,000
    • Listing Contract Date: 2025-01-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 7209028007
  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 5 - Wrigley Area
    • Directions: PCH and Chestnut Ave
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 5 - Wrigley Area
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 81
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: East
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/31/2025 @ 07:12

  • MLS: PW25018988
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,523 sqft, 7,487 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90806, this Los Angeles County Home , it is in the Wrigley Area (WR) Subdivision, are nearby neighborhoods.