1750 Chestnut Avenue, Long Beach, CA 90813
Contact Silva Babaian
Schedule A Showing
Request more information
- 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
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90813
- Subdivision: Downtown (dt)
- Provided by: Keller Williams Realty
- Contact: Ty Ty
- DMCA Notice
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.
Property Location and Similar Properties
Features
Architectural Style
- Traditional
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 2927.00
Commoninterest
- None
Common Walls
- 1 Common Wall
- No One Above
Country
- US
Current Financing
- Conventional
Direction Faces
- West
Entry Location
- Front Gate
Fencing
- Security
- Wood
Foundation Details
- Slab
Garage Rental Rate
- 0.00
Garage Spaces
- 5.00
Insurance Expense
- 3800.00
Laundry Equipment Own Lease
- Own
Laundry Features
- Common Area
- Community
Laundry Income
- 100.00
Levels
- One
Lockboxtype
- None
Lot Features
- 2-5 Units/Acre
Netoperatingincome
- 72187.90
Otherincome1
- 0.00
Otherincome2
- 0.00
Parcel Number
- 7269036010
Parking Features
- Garage Faces Rear
- Public
Pest Control Expense
- 400.00
Pool Features
- None
Postalcodeplus4
- 1626
Property Type
- Quadruplex
Road Frontage Type
- City Street
Roof
- Composition
Security Features
- Card/Code Access
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 435174255:CRM
Spa Features
- None
Subdivision Name Other
- Downtown (DT)
Taxarea
- 11934
Tenant Pays
- All Utilities
- Cable TV
- Electricity
- Gas
Totalactualrent
- 8062.00
Totalexpenses
- 25756.00
Trash Expense
- 2073.00
View
- None
Virtual Tour Url
- https://player.vimeo.com/video/1069683672?badge=0&autopause=0&player_id=0&app_id=58479
Water Sewer Expense
- 1781.00
Water Source
- Public
Year Built
- 1937
Year Built Source
- Assessor
Zoning
- LBR4N