Long Beach, CA 90806,1885 Chestnut AVE
Long Beach, CA 90806,1885 Chestnut AVE
Long Beach, CA 90806,1885 Chestnut AVE
Long Beach, CA 90806,1885 Chestnut AVE
Long Beach, CA 90806,1885 Chestnut AVE
Long Beach, CA 90806,1885 Chestnut AVE
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Divine Fog Realty San Diego

Divine Fog Realty San Diego

$ 2,200,000
Est. payment | /mo

6,523 SqFt


Save
$ 2,200,000
Est. payment | /mo
Save

6,523 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,523 sqft

Price per Sqft $337

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24110236

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1944

Lot Size 7,487 Sqft

Acres 0.1719

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Rooms

Ensuite Laundry Common Area

Interior

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

Laundry Location Common Area

Heating Central

Cooling None

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Common Area

Exterior

Garage 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

Parking Type Garage

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

California Regional MLS (CRMLS)
Listed by Branden Chhuor • Compass • 213-536-9669
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1885 Chestnut AVE