1575 Chestnut Avenue,  Long Beach CA, 90813 (Residential Income)

7,470 sqft
Status: Sold
MLS#: PW15104749
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Last Updated: 12/4/2016 2:49 AM
Description for 1575 Chestnut Avenue Long Beach, CA 90813
Built in 1960, 1575 Chestnut Avenue has a total of nine units that were built upon a raised foundation and enclosed with a flat roof. The property has an outstanding unit mix that consists of six two-bedroom/one-bathroom units and three three-bedroom/one-bathroom units. The subject property also has five single-car garages and gated access at the front and rear of the property. 1575 Chestnut Avenue is located in a strong rental market that rarely sees vacancy. Having been recently rehabbed with new paint and vinyl windows, it would be a great addition to the portfolio of any investor looking for strong cash flow in a turnkey asset.
Price
Sold Price:
$1,385,000
Sold Date:08/10/2015
Los Angeles
7,470 (approx)
PW15104749
Closed
Description
Built in 1960, 1575 Chestnut Avenue has a total of nine units that were built upon a raised foundation and enclosed with a flat roof. The property has an outstanding unit mix that consists of six two-bedroom/one-bathroom units and three three-bedroom/one-bathroom units. The subject property also has five single-car garages and gated access at the front and rear of the property. 1575 Chestnut Avenue is located in a strong rental market that rarely sees vacancy. Having been recently rehabbed with new paint and vinyl windows, it would be a great addition to the portfolio of any investor looking for strong cash flow in a turnkey asset.
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 7,470 sq.ft. 7,470 (approx)
1960 Yes- 5 spaces
2
Public Water Service
9 Total
Neighborhood
Room Information
Exterior / Lot Features
5 Garage Spaces, 5 Parking Spaces
None
No Pool
Sidewalks
Financial Considerations
7269038029
$17,222
$115,992 Income ,$37,143Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 463,589.

The median household income in Long Beach, California 90813 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90813 is 33.2 years.

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Courtesy: Steven M. Bogoyevac, Broker Steven Bogoyevac
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Information is deemed reliable but is not guaranteed.

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