Property Details
About this Property
Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 7-unit plus 1 non-conforming remodeled unit complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Four (4) units have been tastefully remodeled to go along with a brand NEW roof and brand new water heater. Has great potential rental upside, while Cap Rate on current rents is at 7.60% and 8.8 GRM. There’s 4 individual garages, laundry room, & spacious courtyard.
MLS Listing Information
MLS #
CRPW25018988
MLS Source
California Regional MLS
Days on Site
69
Interior Features
Appliances
Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 7 | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Educational Partnership High School | public | 9-12 | 0.21 mi | |
| Washington Middle School | public | 6-8 | 0.42 mi | |
| Lafayette Elementary School | public | K-5 | 0.68 mi | |
| Roosevelt Elementary School | public | K-5 | 0.72 mi | |
| Burnett Elementary School | public | K-5 | 0.77 mi | |
| Polytechnic High School | public | 9-12 | 0.82 mi | |
| Garfield Elementary School | public | K-5 | 1.04 mi | |
| Renaissance High School For The Arts | public | 9-12 | 1.08 mi | |
| International Elementary School | public | K-5 | 1.12 mi | |
| Cabrillo High School | public | 9-12 | 1.12 mi | |
| Edison Elementary School | public | K-5 | 1.18 mi | |
| Alvarado Elementary School | public | K-5 | 1.30 mi | |
| Robinson Academy | public | K-8 | 1.30 mi | |
| Beach K-12 Independent Study | public | K-12 | 1.32 mi | |
| Reid High School | public | 11-12 | 1.32 mi | |
| Birney Elementary School | public | K-5 | 1.33 mi | |
| Lincoln Elementary School | public | K-5 | 1.33 mi | |
| Whittier Elementary School | public | K-5 | 1.39 mi | |
| Stevenson Elementary School | public | K-5 | 1.42 mi | |
| Signal Hill Elementary School | public | K-5 | 1.47 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1885 Chestnut Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a 7,487 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,899,000 and was built in 1944. This address can also be written as 1885 Chestnut Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of February 18, 2025. For the most current information, please contact Branden Chhuor
