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844-848 Chestnut Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
13 Units
Investment Highlights
- All units heavily remodeled - over $400K spent.
- 5.0% CAP and 12.8 GRM on current rents.
- Put 30% down and earn over 7.5% Cash on Cash against in place income.
- New Roof, electric, landscaping.
- Upside to a 5.3% CAP by leveling all rents to market.
- DOWNLOAD OM FOR MORE INFO AND A RENT ROLL.
Property Facts
| No. Units | 13 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 4,152 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1922/2018 |
| Zoning | LBPD10 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,152 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1922/2018 |
| Zoning | LBPD10 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,235 | - |
| 1+1 | 1 | $1,450 | - |
Property Taxes
| Parcel Number | 7272-014-004 | Improvements Assessment | $951,457 |
| Land Assessment | $1,753,539 | Total Assessment | $2,704,996 |
Property Taxes
Parcel Number
7272-014-004
Land Assessment
$1,753,539
Improvements Assessment
$951,457
Total Assessment
$2,704,996
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