33.792095 -118.196014

1918 Chestnut Avenue LONG BEACH, CA 90806

326037618 33.792095 -118.196014 124 /listing/326037618-150214090/1918-chestnut-avenue-long-beach-ca-90806 False 0 3999000.0 105 OC22247751 False
  • $3,999,000
  • 0.19 lot
  • Est payment $21467.5/mo

Property & Neighborhood Info

Courtesy Of Mike Sadeghi, DRE#01088115, Pridemark Group

Multi-Family in Long Beach

ATTENTION INVESTORS and 1031 EXCHANGE BUYERS! POTENTIAL: Premium custom built with excellent floor plans, 12 units in the coastal city of Long Beach. Close to downtown, schools, memorial hospital, shopping and entertainment areas, close to Metro Line, 405 and 710 freeways. Building has over 10,000 sq ft of livable area over its 12 units. Here are 10 reasons why this can be the best investment in Long Beach!1. More than 30% rental increase potential (absentee owners).2. Largest sq ft per unit in the area.3. Lowest price per sq ft on sold or listed similar properties.4. Fully secured and gated, with covered 19 car garage (3 uncovered spots).5. Beautifully large 12 units, with 10 units 2B/2Ba and only 2 units 1B/1Ba.6. On site laundry.7. Most units maintained well & remodeled (see supplement for details).8. Custom built in 1987 and well maintained (not the 1930's and 40's).9. Covered balconies, with some having awesome city views.10. Extremely desirable and low vacancy rental area. Particularly because of secured and covered parking.Excellent 1031 Exchange property for investors who want to become an owner in this city, which currently has over $8B in development occurring. SUBJECT PROPERTY IS A 1031 EXCHANGE, NEW PROPERTIES ARE IDENTIFIED.

Courtesy Of Mike Sadeghi, DRE#01088115, Pridemark Group
  1. 0.19 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1987
  • Garage: 19.0
  • County: LOS ANGELES
  • Units: 12
  • Zoning: LBR2N
  • Subdivision: Wrigley Area (Wr)
  • MLS Number:OC22247751

Additional Features

  • Laundry:
    • CommonArea
  • Architecture:
    • Contemporary
  • Building Square Feet:
    • 10560
  • Common Walls:
    • NoCommonWalls
  • Construction:
    • Stucco
    • WoodSiding
  • Garage:
    • Y
  • Levels:
    • ThreeOrMore
  • New Construction:
    • N
  • Property Subtype:
    • Apartment
  • Roof:
    • Composition
    • Shingle
  • View:
    • CityLights
    • Y
  • Year Built Source:
    • Assessor
  • Lot Description:
    • Item1115UnitsAcre
  • Pool:
    • None
  • Sewer:
    • PublicSewer
  • Community Features:
    • Park
    • Urban
  • Number of Buildings:
    • 1
  • Water:
    • Public
  • Financing:
    • Assumable
  • Gross Income:
    • 207540
  • Net Operating Income:
    • 132669
  • Terms:
    • Item1031Exchange
  • CDOM:
    • 0
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Annual Trash Expense:
    • 2628
  • DOM:
    • 0
  • Electric Exp:
    • 1345
  • Fuel Exp:
    • 0
  • Gross Scheduled Income:
    • 207540
  • Insurance Expense:
    • 3210
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1030723786
  • Operating Expense:
    • 70721
  • Parcel Number:
    • 7209026023
  • Public Document Count:
    • 1
  • Virtual Tour:
    • https://www.canva.com/design/DAFTS2z9ZtQ/watch
  • Water Sewer Exp:
    • 3765
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Van Bui
Van Bui
Broker
7305 Calle Conifera Carlsbad CA 92009
request more info.
33.792095 -118.196014

1918 Chestnut Avenue LONG BEACH, CA 90806

326037618 33.792095 -118.196014 124 /listing/326037618-150214090/1918-chestnut-avenue-long-beach-ca-90806 False 0 3999000.0 105 OC22247751 False
  • $3,999,000
  • 0.19 lot
  • Est payment $21467.5/mo