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2014 Chestnut Avenue, Long Beach, CA 90806

$1,995,000 Approx. USD 0 beds, 0 baths
6,584 sqft

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Berkshire Hathaway HomeServices California Properties 12770 El Camino Real, Suite 100
San Diego, CA 92130 888-995-7575

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Agent Remarks

Rents listed are pro-forma. This 12 unit apartment building features 6, one bedroom 1 bath units, 4 studios 1 bath units, 2 two bedroom 1 bath units, private gated courtyard, laundry room, separately metered gas and electric and professionally managed by third party. Built in 1928, this building is immediately adjacent to the Wrigley Historic area. These rents are significantly below market and for a value added investor can be increased substantially. One unit completely upgraded proves the ability to raise rents. Other units feature some minor improvements. Two story, garden design, attractive architectural design. Walking distance to Wrigley commercial district. Well located in the City of Long Beach which is non-rent controlled. Please e-mail me or text me for complete offering package on this investment property. Please do not walk the property as tenants are unaware of the possible sale. Buyer to cooperate with seller's 1031 exchange. Thank you.

Listing Details

Property type: (Commercial)

Status: Pending

MLS# SB18016084

List price is $1,995,000

Beds: 0

Baths: 0

Built in 1928

6,584 sqft

Topography: Flat

County: Los Angeles

Zoning: LBR2N

Heating description: Gravity Heating,Wall Heater

MLS area: 5 - Wrigley Area

Last Updated: 3/10/2018

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This listing belongs to the 5 - Wrigley Area MLS area

The listing is zoned LBR2N.
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Lat/Long: 33.793879, -118.195619.
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Listing Agent: Arnold Ng
Lic#: 01057946
Broker: Courtesy of Apex Commercial Real Estate

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Previous Listing

Berkshire Hathaway HomeServices California Properties 12770 El Camino Real, Suite 100
San Diego, CA 92130 888-995-7575

CRMLS

Based on information from California Regional Multiple Listing Service, Inc. as of 3/9/2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.