1620 ChestnutLong Beach, CA 90813
Wrigley Area (WR) · Los Angeles County
Description
Simple, easy-to-own investment property with a great unit mix of (3) 2 bed/1 bath and (1) 3 bed/1 bath. Each unit nicely sized with the building totaling 4,028 sqft overall. Offered at a 12.68 GRM and 4.7% cap rate on current rents, which are at or near market. Updated electrical, most windows replaced, and all units separately metered. Large 7,500 sqft lot with a central courtyard and 4 single-car garages with ADU potential. Just 8 blocks north of Downtown Long Beach and its $8B+ in new development, with the Metro A Line (Blue Line), PCH and the 710 Fwy a few blocks away for easy access to the waterfront, Port and LA.
Property Information
- Property type
- Residential Income
- Sub-type
- Quadruplex
- Year built
- 1917
- Stories
- 2
- Building area
- 4,028 Sq Ft
- Lot size
- 0.17 acres
- Garage spaces
- 4
- Parking spaces
- 4
- Days on market
- 4
- MLS® Listing#
- SB26242198
Property Features
- Pool
- None
- Laundry
- None
- Community
- Street Lights
- Sewer
- Public Sewer
- Water source
- Public
- Parcel number
- 7269039005
Directions
From the 710 head East on PCH, turn right on Chestnut Ave, property will be on your left.
Listing Courtesy: Buckingham Investments, Inc - 407-341-3254
Presented by: Kristen Mussenden and Matthew Mahowald
Licensed in the state of California.
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