PRICED TO SELL. Under 10X GRM with upside to a 7.3% 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 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:
$2,275,000
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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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
0.00
Stories Total
2
Financial
Map
Community
- Address1430 Chestnut Avenue Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1430 Chestnut Avenue
Long Beach, CA
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