This Multifamily Property is Off-Market.

2375 Chestnut Avenue
Long Beach, CA 90806 ·

8 Units · Multifamily For Sale

N/A

Print

Multifamily Property For Sale

Price N/A Cap Rate 6.68%
No. Units 8 Occupancy 95%
Building Size 7,048 SF No. Stories 2
Property Type Multifamily Year Built 1937
Property Sub-type Garden/Low-Rise Lot Size 6,499 SF
Property Use Type Investment APN / Parcel ID 7205-014-017
Listing ID: 16677942 Date Created: 05/07/2010 Last Updated: 01/13/2011

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.

Highlights

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Long Beach Market Trends - Asking price index trends, sale price trends, asking rent trends

Kevin King's Other Listings

  • 320 8th Street
    320 8th Street

    Huntington Beach, CA 92648

    For Sale · $1,500,000

    2,471 SF Building

    Garden/Low-Rise

  • 3440 Ransom Street
    3440 Ransom Street

    Long Beach, CA 90804

    For Sale · $2,200,000

    6,440 SF Building

    Garden/Low-Rise

  • 435 East Broadway
    435 East Broadway

    Long Beach, CA 90802

    For Sale · $1,450,000

    4,822 SF Building

    Garden/Low-Rise

  • 955-957 East 4th Street
    955-957 East 4th Street

    Long Beach, CA 90802

    For Sale · $2,300,000

    6,222 SF Building

    Garden/Low-Rise

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)