726 Chestnut Ave | Long Beach, CA 90813
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- LoopNet Team
726 Chestnut Ave
Long Beach, CA 90813
6.93% CASH ON CASH RETURN DAY 1! · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Strong Day 1 Cashflow
- Assumable Loan at 3.49% | Year 1 Cash-on-Cash: 6.93%
- Separately Metered For Gas and Electric | Individual Water Heaters
- Cap Rate 6.07% | GRM 11.08
- Fourteen (14) 1-bed/1-bath Units
- 2,316 Units in Development within 0.75 Miles | Walk score : Walkers Paradise (94)
PROPERTY FACTS
| No. Units | 14 | Building Size | 7,168 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1914 |
| Lot Size | 0.17 AC | ||
| Zoning | PD10, Long Beach - Multiple dwellings allowed | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,168 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1914 |
| Zoning | PD10, Long Beach - Multiple dwellings allowed |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Deck
- Patio
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
PROPERTY TAXES
| Parcel Number | 7272-019-008 | Improvements Assessment | $492,753 |
| Land Assessment | $1,141,754 | Total Assessment | $1,634,507 |
PROPERTY TAXES
Parcel Number
7272-019-008
Land Assessment
$1,141,754
Improvements Assessment
$492,753
Total Assessment
$1,634,507
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