1430 Chestnut Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,275,000 USD
310-948-2631
1430 Chestnut Ave, Long Beach, CA for Sale
$2,275,000 USD
Apartments - FOR SALE
1/8
null | 6.6% Cap Rate

1430 Chestnut Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • PRICED TO SELL - Under 10 GRM with upside to 7.3% CAP
  • EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.
  • Exterior and Interiors updated in 2019.
  • All 1 bedroom units on a quiet tree lined street.
  • Blocks from downtown Long Beach.
  • Lender financing available with as little as 30% down.

OVERVIEW

PRICED TO SELL. Under 10X GRM with upside to a 7.3% CAP. 12 units (all 1+1's) located blocks from Down town Long Beach. Well-maintained and professionaly 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 onsite laundry room that is currently not being used. Lender financing available with as little as 30% down to qualified Buyers. EMAIL LISTING AGENT FOR MORE INFO, INCLUDING A RENT ROLL AND OM.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

12

PRICE/UNIT

$189,583

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,774 SF

ZONING

R4, Long Beach

APN/PARCEL ID

7269-041-020

ASK ABOUT THIS PROPERTY

Jon SwireThe AgencyMore Info
310-948-2631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jon SwireThe AgencyMore Info
310-948-2631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.