1885 Chestnut Avenue, Long Beach, California 90806
Residential IncomeProperty Type
17 DaysTime On Market
4 CarsGarage
1944Year Built
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.
: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Water Available, Sewer Available, Natural Gas Available