Property Description
Amazing prime investment in this OPPORTUNITY ZONE. This 8-unit apartment complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Units have been tastefully remodeled to go along with a brand NEW roof install last year in one of the buildings. A 2 bedroom unit will be delivered VACANT & remodeled. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU’s. All tenants are on month-to-month leases and consistently meet their obligations. Huge Rental Upside with 11.46 GRM AND 5.9% CAP. Don’t miss out on this smart investment in a sought-after location.
Features
: No
: Central
: No
: No
: No
: 4
: Garage
Address Map
U.S.
California
Los Angeles
Long Beach
90806
1885 Chestnut Avenue
0
W119° 48' 11.8''
N33° 47' 29''
MLS Addon
$0
6,523 Sqft
: No
: No
5.86
0
97
East
Corner of Chestnut & PCH
4
: No
2

Residential Income For Sale Long Beach

1885 Chestnut Avenue, Long Beach, Los Angeles, California, 90806

7,487 Acre
Visits : 2 in 109 days
$2,200,000
Listing ID #PW24110236
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PW24110236
Price : $2,200,000
Year Built : 1944
Lot Area : 7,487 Acre
Status : Active
Property Sub Type : Apartment
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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