1825 Chestnut AVE Long Beach, CA 90806
Active
$3,200,000
3%
12 Units
3 Beds
2 Baths
8,536 Area(sq.ft.)
7,500 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 1 | 1 | No | $ 1,612 | $ 154,752 | $ 1,950 |
| Unit 2 | 4 | 2 | 1 | No | $ 2,295 | $ 110,136 | $ 2,450 |
| 2 | 12 | 16 | 12 | $ 22,076 | $ 1,678,560 | $ 25,400 |
| MLS #: | CV24203235MR |
| Days On Market: | 13 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 375 |
| Price per unit: | $ 266,667 |
| Year Built: | 1959 |
Property Details
We are pleased to present 1825 Chestnut Ave, a 12-unit multifamily in Long Beach, CA. The property is located just off the corner of Chestnut Ave and Pacific Coast Hwy, just 2-miles away from the Port of Long Beach and Long Beach s Shoreline Village. The property consists of eight, 1-Bedroom/1-Bathroom and four, 2-Bedroom/1-Bathroom units. The building offers over 8,500 SF of rentable living space with on-site parking via uncovered spaces and several garages. The property benefits from it s location by being within close proximity to several frequently travelled destinations like the Port of Long Beach, Shoreline Village, Long Beach Poly High School, Long Beach Medical Center, Costco, Home Depot, Northgate Market, and more.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 259,269 |
| Total Annual Expense: | $ 83,594 |
| Net Operating Income: | $ 175,675 |
| Cap Rate: | 5.49% |
| Gross Rent Multiplier: | 12.08 |
| Actual Gross Rent: | $ 264,888 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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