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2024 Chestnut Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Priced to sell at 10.86 GRM and 5.7% cap rate
- Electrical system upgraded in September 2024
- 7% upside in income to market cap rate of 6.1%
Property Facts
| No. Units | 5 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 3,692 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | ||
| Zoning | R2N, Long Beach | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,692 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | R2N, Long Beach |
Amenities
Unit Amenities
- Tile Floors
- Oven
- Carpet
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,998 | 700 |
| 3+1 | 3 | $2,142 | 800 |
| 1+1 | 1 | $1,650 | 500 |
Property Taxes
| Parcel Number | 7209-025-009 | Improvements Assessment | $742,845 |
| Land Assessment | $636,724 | Total Assessment | $1,379,569 |
Property Taxes
Parcel Number
7209-025-009
Land Assessment
$636,724
Improvements Assessment
$742,845
Total Assessment
$1,379,569
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