1885 Chestnut Avenue, Long Beach
Long Beach Home For Sale
Introducing a prime investment opportunity at 1885 Chestnut Avenue, Long Beach. This 8-unit apartment complex boasts 17 bedrooms, 8 bathrooms situated on a generous 7500 square foot lot. Excellent unit mixes are (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Three (3) of the units have been tastefully remodeled to go along with a brand new roof install last year in one of the buildings. One of the 3 bedroom unit will be delivered VACANT & remodeled. The other 4 units are still in great condition. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU's. All tenants are on month-to-month leases and consistently meet their obligations. 11.46 GRM AND 5.9% CAP. Don't miss out on this smart investment in a sought-after location.
Property Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90806
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- MLS® #:
- PW24110236
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- Bedrooms:
- 17
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- Bathrooms:
- 8
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- Lot Size:
- 0.17
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- Neighborhood:
- Wrigley Area (WR)
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- Levels:
- Two
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- Garages:
- 4
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 3:40pm PDT. 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. 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, 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.