1731 Chestnut Ave, Long Beach, CA 90813

The property is comprised of twelve (12) studio units along with 4 garages in the alley. Each unit is approximately 325 square feet with a kitchen, bathroom and living area. All of the tenants are on month to month leases.Current rents are 30% below market at $850 projected. Apartment #4 @ $300 is the current manager that takescare the management. All of the tenants are cash pay, there are no section 8 tenants in this propertycurrently. The property is master metered for electric, gas, water. The current owner pays for all the bills including sewer and trash.The owners just replaced the electrical box to solar which will drop the cost of the electricity by over half. The roof is in good condition (was replaced about 15 years ago),the plumbing is all copper, new solar electric box installed at the end of 2016. The interiors have tile throughout, newerstainless steel sinks, and clean kitchen cabinets. The garages generate $50 per garage currently and laundry generates $150/