1620 Chestnut
Property 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.
Broker Details
Buckingham Investments, Inc. (562) 208-4890
MLS ID: SBMUSSKRI State License Number: 02096276
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,350,000 |
| No. of Units: | 4 |
| Year Built: | 1917 |
| Opportunity Zone: | No |
| Price per unit: | $337,500 |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-SB26242198
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