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726 Chestnut Ave

Long Beach, CA 90813
  • $4,200,000
  • STATUS: ACTIVE
  • ON SITE: 74 Days
  • ID#: 220023377
UPDATED: 52 min ago
$4,200,000
  • 1
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Don't Miss this Excellent Opportunity - 14 clean and easy to rent units located walking distance from everything Down Town Long Beach has to offer............... Assumable financing available at 3.39%.................................................. Unit Mix consists of (14) one bedroom / one bath units spread between (4) separate structures offering tenants minimal shared walls and quality natural light.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133001709
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726 Chestnut Ave Long Beach, CA 90813

  • Price: $4,200,000
  • Status: ACTIVE
  • On Site: 74 Days
  • Updated: 52 min ago
  • ID#: 220023377
1
Beds
1
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Long Beach (90813)
County:
Los Angeles
Area:
Long Beach (90813)
Property Description
Don't Miss this Excellent Opportunity - 14 clean and easy to rent units located walking distance from everything Down Town Long Beach has to offer............... Assumable financing available at 3.39%.................................................. Unit Mix consists of (14) one bedroom / one bath units spread between (4) separate structures offering tenants minimal shared walls and quality natural light.
Exterior Features

Construction DrywallFrameLath/Plaster Parking Spaces Total 0

Interior Features

Floor Coverings TileVinylOther/Remarks Sq Ft Of Improvement 7162 Unit Furnished1 No

Property Features

Actual Gross Scheduled Income 250572.0 Actual Operating Expense 78577 Assumable Finance 1718000 Buildings 4 Gross Equity 2482000 Gross Multiplier 16.8 Have 14 Clean Units Leased Apartments 14 Mandatory Remarks None Known Monthly Rent Total 21138 Motive Want Sell / 1031 Exchange Present Loan 1718000 Projected Cap Rate 5.2 Projected Gross Multiplier 13.9 Unit Number1 14 Unit Rent Total1 21138 Unit Rent1 1500 Zoning Lbpd10

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.: [IDXCONTACTINFORMATION]. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101