1633 Chestnut Avenue

Long Beach, CA 90813
$2,190,000
GREAT INVESTMENT OPPORTUNITY! This property is a 10 unit building with a mix of 2 units of 2BD/2BR and 8 units of 1BD/BR. All units have been renovated back in 2018 and a new electrical main panel has been installed in 2024. This property is conveniently located near Downtown longRead MoreRead Less
Property listed by ADW Management USA, Inc., Frederick Okuda 310-955-7613
Listing Snapshot
Days Online
182
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1958
MLS Number
SB24128850
30 Days Snapshot Of 90813
$540k
-10%
(avg) sold price
1
-85%
home sold
54
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1958, Building area total: 7,357, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Sidewalks
Expenses
Electric expense: $535, Fuel expense: $2,199, Gardener expense: $1,925, Insurance expense: $6,381, Maintenance expense: $5,000, New taxes expense: $29,174, Operating expense: $59,919, Trash expense: $2,178, Water sewer expense: $2,900, Other expense: $1,000
Garage
6 spaces
Income
Gross income: $7,800, Net operating income: $131,617
Laundry
CommonArea
Lot
0.1718 acres, 7,482 square feet, Size: 7,482, ZeroToOneUnitAcre
Parking
6 totals parking, DoorSingle, GarageFacesFront, Garage, GarageFacesRear
Pool
None
Property
Zoning: LBR4N
Sewer
PublicSewer
Tenant Pays
Electricity, Gas
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Holden Groff
Associate Agent
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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.