1885 Chestnut AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW25018988
Year Built 1944
Lot Size 7,487 Sqft
Property Sub-Type Apartment
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
Zoning LBR2N
Interior
Heating Central
Cooling None
Flooring Laminate,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Sidewalks
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan,Conventional
Listing Terms Cash to New Loan,Conventional
Special Listing Condition Standard