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604-614 Chestnut Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Permitted for 13 units with supporting documentation from City
- Substantially upgraded by current owner: $146k in CapEx
- Excellent location in vibrant Downtown Long Beach
- Turn-key property with good rent upside
- Diverse unit mix: studios, 1-bedrooms, 1-bedroom + loft, 2-bedroom house
Property Facts
| No. Units | 11 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 7,331 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1918 |
| Zoning | R4, Long Beach - Permitted for 2 additional residential units by City of Long Beach. Sellers can provide 2015 letter from City upon request. | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,331 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1918 |
| Zoning | R4, Long Beach - Permitted for 2 additional residential units by City of Long Beach. Sellers can provide 2015 letter from City upon request. |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Carpet
- Basement
- Built-In Bookshelves
- Loft Layout
Site Amenities
- Laundry Facilities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,184 | - |
| 1+1 | 8 | $1,316 | - |
| 2+1 | 1 | $1,639 | - |
Property Taxes
| Parcel Number | 7272-022-011 | Improvements Assessment | $886,108 |
| Land Assessment | $1,634,260 | Total Assessment | $2,520,368 |
Property Taxes
Parcel Number
7272-022-011
Land Assessment
$1,634,260
Improvements Assessment
$886,108
Total Assessment
$2,520,368
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