$2,169,000
1430 Chestnut Avenue
Long Beach, CA, 90813
PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 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 25% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Property Details
Price:
$2,169,000
MLS #:
25543757
Status:
Active
Baths:
0
Address:
1430 Chestnut Avenue
Type:
Residential Income
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
May 27, 2025
State:
CA
ZIP:
90813
Lot Size:
6,772 sqft / 0.16 acres (approx)
Year Built:
1948
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
0.00
Financial
Mortgage Calculator
Map
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Courtesy of The Agency. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Houzerz Real Estate and Loans include the name of the listing broker. Neither the listing company nor Houzerz Real Estate and Loans shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 1430 Chestnut Avenue
Long Beach, CA
