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1885 Chestnut Avenue

Long Beach, CA 90806
Active
Multifamily
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Property listed by Compass, Branden Chhuor 213-536-9669
$1,725,000
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… Read MoreRead Less
Listing Snapshot
Days Online
7
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1944
MLS Number
PW26088839
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasOven
Building
Built in 1944, 2 buildings, Building faces East, 2 stories, Levels: Two, Entry level: 1, Entry location: Street, Construction Materials: Drywall
Community
Sidewalks
Cooling
None
Doors
PanelDoors
Accessibility Features
None
Expenses
Electric: $12,000, Fuel: $5,000, Gardener: $1,200, Insurance: $14,000, Licenses: $370, Operating: $59,123, Other Expense: $5,000
Fence
Block
Fireplaces
None
Floors
Laminate, Vinyl
Foundation
Slab
Garage
4 spaces
Heating
Central
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $198,156, Net Operating Income: $137,709
Interior Features
CeilingFans, AllBedroomsUp, AllBedroomsDown
Laundry
CommonArea
Lot
0.1719 acres, SixToTenUnitsAcre
Parking
4 total parking spaces, Garage
Pool
None
Property
UpdatedRemodeled
Roof
Shingle
Security Features
WindowBars
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7209028007, Tax Block: B, Lot: 4, Zoning: LBR2N
Tenant Pays
None
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, OverheadUtilities, Water Source: Public, Standard, 7 separate electric meters, 7 separate gas meters
Windows
DoublePaneWindows
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Laura Grabher
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Schools In The Area

Check out nearby schools with ratings and contact info.
Lafayette Elementary School 562-426-7075 Public KG-5
Washington Middle School 562-591-7477 Public 6-8
Cabrillo High School 562-951-7700 Public 9-12
Lafayette Elementary School 562-426-7075 Public KG-5
Lafayette Elementary School 562-426-7075 Public KG-5
Washington Middle School 562-591-7477 Public 6-8
Cabrillo High School 562-951-7700 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.