Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1750 Chestnut Avenue, Long Beach, CA 90813
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    1750 Chestnut Avenue
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    • MLS#: IG25068051 ( Quadruplex )
    • Street Address: 1750 Chestnut Avenue
    • Viewed: 1
    • Price: $1,150,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1937
    • Bldg sqft: 0
    • Days On Market: 8
    Description
    Located in the heart of Long Beachs Washington neighborhoodan established rental market with strong tenant demand1750 Chestnut Ave presents a unique opportunity to own a well positioned, income producing fourplex with excellent functionality and strong cash flow potential. Public records reflect a 5 bedroom, 4 bathroom building, but the property is currently configured as 9 bedrooms and 4 bathrooms across four units, maximizing use of space and rental flexibility. The existing unit mix includes three 2 bedroom, 1 bath units and one 3 bedroom, 1 bath unit. Each unit is assigned one garage space within a 5 car garage structure located separately from the living units. The property also features a code access gate for added security and a common laundry room with coin operated machines, providing additional income. This is an outstanding opportunity for value driven investors to acquire a well located, high demand asset with strong in place income and long term upside. Properties offering this level of flexibility, security, and tenant appeal rarely come to marketdont miss your chance to add a solid performer to your portfolio.
    Description
    Located in the heart of Long Beachs Washington neighborhoodan established rental market with strong tenant demand1750 Chestnut Ave presents a unique opportunity to own a well positioned, income producing fourplex with excellent functionality and strong cash flow potential. Public records reflect a 5 bedroom, 4 bathroom building, but the property is currently configured as 9 bedrooms and 4 bathrooms across four units, maximizing use of space and rental flexibility. The existing unit mix includes three 2 bedroom, 1 bath units and one 3 bedroom, 1 bath unit. Each unit is assigned one garage space within a 5 car garage structure located separately from the living units. The property also features a code access gate for added security and a common laundry room with coin operated machines, providing additional income. This is an outstanding opportunity for value driven investors to acquire a well located, high demand asset with strong in place income and long term upside. Properties offering this level of flexibility, security, and tenant appeal rarely come to marketdont miss your chance to add a solid performer to your portfolio.
    Features
    Architectural Style
    1. Traditional
    Assessments
    1. Unknown
    Association Fee
    1. 0.00
    Building Area Total
    1. 2927.00
    Commoninterest
    1. None
    Common Walls
    1. 1 Common Wall
    2. No One Above
    Country
    1. US
    Current Financing
    1. Conventional
    Direction Faces
    1. West
    Entry Location
    1. Front Gate
    Fencing
    1. Security
    2. Wood
    Foundation Details
    1. Slab
    Garage Rental Rate
    1. 0.00
    Garage Spaces
    1. 5.00
    Insurance Expense
    1. 3800.00
    Laundry Equipment Own Lease
    1. Own
    Laundry Features
    1. Common Area
    2. Community
    Laundry Income
    1. 100.00
    Levels
    1. One
    Lockboxtype
    1. None
    Lot Features
    1. 2-5 Units/Acre
    Netoperatingincome
    1. 72187.90
    Otherincome1
    1. 0.00
    Otherincome2
    1. 0.00
    Parcel Number
    1. 7269036010
    Parking Features
    1. Garage Faces Rear
    2. Public
    Pest Control Expense
    1. 400.00
    Pool Features
    1. None
    Postalcodeplus4
    1. 1626
    Property Type
    1. Quadruplex
    Road Frontage Type
    1. City Street
    Roof
    1. Composition
    Security Features
    1. Card/Code Access
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 435174255:CRM
    Spa Features
    1. None
    Subdivision Name Other
    1. Downtown (DT)
    Taxarea
    1. 11934
    Tenant Pays
    1. All Utilities
    2. Cable TV
    3. Electricity
    4. Gas
    Totalactualrent
    1. 8062.00
    Totalexpenses
    1. 25756.00
    Trash Expense
    1. 2073.00
    View
    1. None
    Virtual Tour Url
    1. https://player.vimeo.com/video/1069683672?badge=0&autopause=0&player_id=0&app_id=58479
    Water Sewer Expense
    1. 1781.00
    Water Source
    1. Public
    Year Built
    1. 1937
    Year Built Source
    1. Assessor
    Zoning
    1. LBR4N

    Contact Info

    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836