1430 Chestnut Avenue, Long Beach, CA 90813

0 beds 0 baths 6,772 sq.ft.

Offerered at: $2,200,000.00

County: Los Angeles
Year Built: 1948
Association Fees: $0.00/mo.

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.

ESSENTIAL INFO

  • Status: Active