11
See all 11 photos
$2,200,000
Est. payment /mo
12 Beds
12 Baths
6,402 SqFt
Price Dropped by $70K
1430 Chestnut AVE Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,402 sqft
Price per Sqft $343
MLS Listing ID 25543757
Bedrooms 12
HOA Y/N No
Year Built 1948
Lot Size 6,773 Sqft
Property Description
PRICED TO SELL. 9.4 GRM AND 7.1% CAP against in-place rents with upside to 9.0 GRM. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 30% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269041020
Special Listing Condition Standard
Listed by Jonathan Swire • The Agency