Long Beach, CA 90806,1918 Chestnut AVE
$1,700,000
$1,750,000
2.9%
Est.Price: ?

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8,145 Sqft Lot

1918 Chestnut AVE Long Beach, CA 90806

Est. payment /mo
SOLD DATE : 05/01/2014

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Key Details

Sold Price $1,700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB14029777

Sold Date 05/01/14

HOA Y/N No

Year Built 1987

Tax Year 2012

Lot Size 8,145 Sqft

Property Description

Drive by only, tenants are not aware of sale! Premium quality, custom built in 1987, this fully gated complex is located close to schools, shopping, the Long Beach Memorial Hospital, and the 405 and 710 freeways. With over 10,000 square feet of living space, there are ten 2 bedroom/2 bath units and two 1 bedroom/1 bath units, all with private covered balconies and all units are generous sized with exceptional floorplans. Ground level garage parking for 19 cars, and an additional 3 uncovered spaces. Additionally, there is an on site laundry with owned machines for extra income. In the past 2 years, 7 of the 12 units were renovated and upgraded with porcelain tile floors, two tone paint, and partially remodeled kitchens and baths. Total monthly rental revenue is approximately $13,000, and there is assumable financing of 4.43% fixed for eight more years! Fully occupied, many of the tenants have called the complex home for several years.

Priced below average cost per door of the most recent sales for 1987 and newer buildings in Long Beach, and this complex has larger, two bedroom, two bath units, with nicer amenities and more highly upgraded units.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Exterior

Garage Assigned

Garage Spaces 19.0

Carport Spaces 3

Garage Description 19.0

Pool None

Community Features Curbs

Utilities Available Sewer Available

Total Parking Spaces 22

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 3

Entry Level Three Or More

Water Public

Level or Stories Three Or More

Others

Tax ID 7209026023

Acceptable Financing Submit

Listing Terms Submit

Financing Assumed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by William Van Tassel • Power Brokers Realty
Bought with Mike Sadeghi • Pridemark Group

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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