1430 Chestnut Avenue
Long Beach, CA, 90813
$2,200,000
Beds
0 Baths
SqFt
0.16 Acres
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PRICED TO SELL. 9.4 GRM AND 7.1% CAP against in-place rents with upside to 9.0 GRM. 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 30% 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:
$2,200,000
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
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1430 Chestnut Avenue
Long Beach, CA