CA > Long Beach > Wrigley Area
Long Beach, CA 90806,1885 Chestnut Avenue
Long Beach, CA 90806,1885 Chestnut Avenue
Long Beach, CA 90806,1885 Chestnut Avenue
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Branden Chhuor • Compass
$1,899,000
Est. payment /mo
6,523 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 6,523 sqft

Price per Sqft $291

Subdivision Wrigley Area

MLS Listing ID PW-25018988

Year Built 1944

Lot Size 7,487 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features 2 Staircases

Heating Central

Cooling None

Flooring Laminate, Vinyl

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 4.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Available, Sewer Connected, Water Available, Water Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate | License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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