$1,899,000
- Beds
- Unknown
- sq ft
- Unknown
1885 Chestnut Ave, Long Beach, CA 90806
1885 Chestnut Ave
Long Beach, CA 90806
- 67 days on market
- Price drop $51,000↓
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.
Details
Property type
Apartment
Lot size
7,487 sq ft
Price per sq ft
Unknown
Year built
1944
HOA
No
Price History
02/18/2025
CRMLS #PW25018988
Price change
$1,899,000
-2.62%
02/13/2025
CRMLS #PW25018988
Removed
$1,950,000
01/27/2025
CRMLS #PW25018988
Listed
$1,950,000
-11.36%
Schools & Community
Neighborhood:
Wrigley
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 04/04/2025 at 10:00 AM
Listing updated: 02/18/2025 at 12:39 PM
Listed by: Branden Chhuor, CompassCompass Phone #: (714) 406-2880
MLS: CRMLS #PW25018988
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