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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GUIDE Real Estate

GUIDE Real Estate

GUIDE Real Estate

+1(916) 975-2700
$ 1,950,000
Est. payment | /mo

7,487 Sqft Lot


Save
$ 1,950,000
Est. payment | /mo
Save

7,487 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW25018988

HOA Y/N No

Year Built 1944

Lot Size 7,487 Sqft

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. Rental Upside is over 10%, while Cap Rate on current rents is at 6.5% and 10.0 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 Multiple Staircases, All Bedrooms Up, All Bedrooms Down

Heating Central

Cooling None

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Fence Wrought Iron

Pool None

Community Features Sidewalks

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

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7209028007

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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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 975-2700

listings@guiderealestate.com

1610 R Street, Sacramento, California, 95811, United States

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1885 Chestnut AVE