1027 Chestnut Av Long Beach, CA 90813

$1,388,000
Long Beach, CA   90813
0 Beds, 0.0 Baths, 0 sq ft, 9,827 sq ft lot, Built in 1923
1027 Chestnut Av, Long Beach, CA 90813 Photo 0
1027 Chestnut Av, Long Beach, CA 90813 Photo 1
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1027 Chestnut Av, Long Beach, CA 90813 Photo 15
0 Beds,
0.0 Baths,
0 sq ft,
9,827 sq ft lot
Built in 1923

Description

MLS# RS18093079

Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

Description

MLS# RS18093079

Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: mortgagesbyernie@gmail.com

Area
Building Info
STORIES: 1
COMMON WALLS: No Common Walls
POOL: None
LAUNDRY: None, Washer Hookup
Exterior Features
LOT: Lot 6500-9999, Lot-Level/Flat, Near Public Transit, Paved
Garage & Parking
PARKING SPACES: 3.00
GARAGE SPACES: 3.00
Community
COMMUNITY: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Urban
UNITS TOTAL: 8
STORIES TOTAL: 1
Land
WATER: Public
ASSESSMENTS: Special Assessments
LOT NUMBER: 4
TRACT NUMBER: 5758
ZONE: LBPD10
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