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$ 1,725,000
Est. payment /mo
Pending
1885 Chestnut Avenue Long Beach, CA 90806
9 Beds
4 Baths
7,487 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW26088839
Bedrooms 9
Lot Size 7,487 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 8-unit updated complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Five (5) units have been tastefully remodeled in past 2 years with a NEWER roof and newer water heater. Newer sewer line under the structure and currently getting new electrical work done. Has great potential rental upside, Gross annualize rent is $198,000 per year. Theres 4 individual garages, laundry room, & spacious courtyard.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Corner of Chestnut & PCH
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7209028007
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Branden Chhuor, DRE#01948722 Compass
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