Long Beach, CA 90813 1430 Chestnut Avenue
$2,270,000
6 more
Presented By: Jonathan Swire with The Agency;
Beds • 12
Baths • 12
SQFT • 6,402
Year Built • 1948
Home Details
PRICED TO SELL. Under 10X GRM with upside to a 7.3% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 30% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Presented By: Jonathan Swire with The Agency;
Interior Features for 1430 Chestnut Avenue
Bedrooms
Total Bedrooms12
Bathrooms
Half Baths0
Total Baths12
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 1430 Chestnut Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.6
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions12 Units blocks from Downtown Long Beach.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income227000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6772.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income150000.0
New ConstructionNo
Number Of Units Total12
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1948
ZoningLBR4N
Exterior for 1430 Chestnut Avenue
Building Area Total6402.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1555
Lot Size Area6772.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
