13
See all 13 photos
$1,350,000
Est. payment /mo
9 Beds
4 Baths
7,505 Sqft Lot
New
1620 Chestnut Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB26242198
Bedrooms 9
Lot Size 7,505 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Simple, easy-to-own investment property with a great unit mix of (3) 2 bed/1 bath and (1) 3 bed/1 bath. Each unit nicely sized with the building totaling 4,028 sqft overall. Offered at a 12.68 GRM and 4.7% cap rate on current rents, which are at or near market. Updated electrical, most windows replaced, and all units separately metered. Large 7,500 sqft lot with a central courtyard and 4 single-car garages with ADU potential. Just 8 blocks north of Downtown Long Beach and its $8B+ in new development, with the Metro A Line (Blue Line), PCH and the 710 Fwy a few blocks away for easy access to the waterfront, Port and LA.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From the 710 head East on PCH, turn right on Chestnut Ave, property will be on your left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7269039005
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Kristen Mussenden, DRE#02096276 Buckingham Investments, Inc
Co-listed byMatthew Mahowald • Buckingham Investments, Inc
Co-listed byMatthew Mahowald • Buckingham Investments, Inc
NEARBY SCHOOL & BUSINESS
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