1980 Chestnut Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$1,390,000 USD
714-982-4600
1980 Chestnut Ave, Long Beach, CA for Sale
$1,390,000 USD
Apartments - FOR SALE
1/2
null | 6.8% Cap Rate

1980 Chestnut Ave
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • Spacious floor plans and a highly desirable of four two-bed/one-bath units
  • Located in the Willmore neighborhood proximate to retail (WalkScore: 89) the Metro Blue Line, and the 710 Freeway
  • 10 percent rental upside

OVERVIEW

D & D Properties is pleased to present to market 1980 Chestnut Avenue, a fourplex in Long Beach, California. The property is a 1947 construction with spacious floor plans and a highly desirable of four two-bed/one-bath units. 1980 Chestnut Avenue is located in the Willmore neighborhood, offering tenants easy access to retail (WalkScore: 89), the Metro Blue Line, Downtown Long Beach, and the 710 Freeway. Current rents offer a new investor 10 percent rental upside.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

4

PRICE/UNIT

$347,500

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chestnut Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LBCO

APN/PARCEL ID

7209-026-003

ASK ABOUT THIS PROPERTY

Derrick ColemanD & D PropertiesMore Info
714-982-4600

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Derrick ColemanD & D PropertiesMore Info
714-982-4600

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