Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 8-unit updated complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Five (5) units have been tastefully remodeled in… Read More past 2 years with a NEWER roof and newer water heater. Newer sewer line under the structure and currently getting new electrical work done. Has great potential rental upside, Gross annualize rent is $198,000 per year. There’s 4 individual garages, laundry room, & spacious courtyard. Read Less
Property listed by Compass, Branden Chhuor 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1944
MLS Number
PW26088839
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasOven
Building
Built in 1944, 2 buildings, Building faces East, 2 stories, Levels: Two, Entry level: 1, Entry location: Street, Construction Materials: Drywall
ElectricityConnected, NaturalGasConnected, SewerConnected, OverheadUtilities, Water Source: Public, Standard, 7 separate electric meters, 7 separate gas meters
Windows
DoublePaneWindows
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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