1885 Chestnut Avenue

Long Beach CA 90806

7487 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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. Theres 4 individual garages, laundry room, & spacious courtyard.

Features

9 bedrooms

4 bathrooms

7487 sq. ft. lot size

Multi-Family

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