Electrical room with old individual meters. Property is currently Master Metered
Roof replaced in 2009
View of stairwell and hallway
Chestnut Street view facing North
Chestnut Street view facing South
Last Updated: 5/25/2013 7:19 PM
Description for
2191 Chestnut AveLONG BEACH, CA 90806
Potential double digit ROI!!! STANDARD SALE has been preapproved for 25% down or purchase AITD/Subject To for a quick close and no loan fees. Property has a unit mix of (4) 1-bedrooms, (8) Large Studios and (2) 'Normal' Studios + (5) garages. The 3rd floor Solarium is approximately 800 SqFt and offers potential for added income with laundry room, storage, offices or ???. Tenants enjoy the locked, private entry and quiet atmosphere of the building. Capital improvements include a replaced roof in 2009, and all 14 bathroom windows have been recently upgraded in 3/2012. Property has been kept in good condition with no deferred maintenance. Income data is based on proforma rents and estimated expenses. All utilities are master-metered. Flat roof has potential to add solar to cover electrical costs! Click IMAGES for expenses, analysis and ROI.
Price
$1,062,000
N/A
Los Angeles
9,337 (approx)
S720771
Active
Description
Potential double digit ROI!!! STANDARD SALE has been preapproved for 25% down or purchase AITD/Subject To for a quick close and no loan fees. Property has a unit mix of (4) 1-bedrooms, (8) Large Studios and (2) 'Normal' Studios + (5) garages. The 3rd floor Solarium is approximately 800 SqFt and offers potential for added income with laundry room, storage, offices or ???. Tenants enjoy the locked, private entry and quiet atmosphere of the building. Capital improvements include a replaced roof in 2009, and all 14 bathroom windows have been recently upgraded in 3/2012. Property has been kept in good condition with no deferred maintenance. Income data is based on proforma rents and estimated expenses. All utilities are master-metered. Flat roof has potential to add solar to cover electrical costs! Click IMAGES for expenses, analysis and ROI.
Listing Information
Property Type: Multi-Family
6,417 Sq. Ft.
Public Records
9,337 (approx)
Public Records
$113.74
1929
N/A
Meter on Property
In
14 Total
Neighborhood
Room Information
Interior Features
Linoleum, Carpet - Partial
Wall Unit
Ground Level w/steps
Exterior / Lot Features
5 Garage Spaces,5 Parking Spaces
Wood, Stucco
Composition
50x127
Driving Directions
From PCH, head North on Pacific Ave. Turn Left (West) on Hill St. Property is on corner of West Hill St & Chestnut.
Financial Considerations
7205026013
12744.0000
All Inclusive Trust Deed, Cash, Cash To New Loan
Cable TV
$127,800Income,$46,924Expense
127800.0000
Semi Annually
Listing Price History
LONG BEACH Real Estate
LONG BEACH is located in California.
LONG BEACH, California 90806 has a population of
462,257.
The median household income in LONG BEACH, California 90806 is
$46,283.
The median household income for the surrounding county is $52,874
compared to the national median of $50,935.
The median age of people living in LONG BEACH 90806 is
33.3 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: Keller Williams Realty
