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.
For sale
Price cut: $31K (8/14)
$2,169,000
1430 Chestnut Ave, Long Beach, CA 90813
12beds
12baths
6,402sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$339/sqft
$-- HOA
What's special
- 81 days
- on Zillow |
- 87 |
- 6 |
- Loading
- Loading