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2375 Chestnut Avenue

2375 Chestnut Avenue, Long Beach, CA 90806

N/A

8 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
8
Building Size:
7,048 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.68%
Occupancy:
95%
No. Stories:
2
Year Built:
1937
Lot Size:
6,499 SF
APN / Parcel ID:
7205-014-017
Listing ID
16677942
Last Updated
over 1 year ago

Highlights

  • Strong Rents in Place
  • 100 Percent Occupied
  • Upgraded Kitchens and Cabinets
  • New Windows
  • Income Producing Parking in Rear
  • Upgraded Laundry Room - Self Owned

Description

Marcus & Millichap is proud to offer a well-maintained, attractive 8-unit property in the city of Long Beach. The subject property is located at 2375 Chestnut Avenue, two blocks south of Willow Street and four blocks east of Magnolia Ave, in the heart of the Wrigley District. This investment consists of four one-bedroom/one-bathroom, and four two-bedroom/ two-bathroom units. Built in 1937, this property is a three story walk-up style building with central hallways with approximately 7,048 rentable square feet. The property is well landscaped and offers two enclosed garages and three open spaces in the rear for the tenant' s convenience.

2375 Chestnut Avenue is within close proximity to Lafayette Elementary School, numerous restaurants and shopping centers along Pacific Avenue. This property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market. With strong rents in place and numerous upgrades to the interior of the units as well as the laundry room, this property is ideal for any investor looking to get into the business or add to their existing portfolio.

Map of 2375 Chestnut Avenue, Long Beach, CA 90806 (Los Angeles County)

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