1885 Chestnut AVE, Long Beach, CA 90806
1885 Chestnut AVE, Long Beach, CA 90806
1885 Chestnut AVE, Long Beach, CA 90806
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$1,725,000
Est. payment /mo
7,487 Sqft Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW26088839

Construction Status Updated/Remodeled

HOA Y/N No

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 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. There's 4 individual garages, laundry room, & spacious courtyard.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features Ceiling Fan(s), All Bedrooms Up, All Bedrooms Down

Heating Central

Cooling None

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Block

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Overhead Utilities

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7209028007

Security Features Window Bars

Energy Description 5000.0

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard


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Listed by Branden Chhuor Compass 213-536-9669, DRE #01948722

Nearby Locations

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Name

Name

Phone*

Phone

Message

Message
Richard King

+1(760) 515-7653

richking760@gmail.com

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