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Dilbeck Real Estate
Real Living
818-790-6774

1825 Chestnut, Long Beach CA, 90806

(Pending)
$1,399,000
|
8,536 sqft
|
MLS# PW13172209
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Listing Provided Courtesy Of: Thornton Realty
Last Updated: 8/30/2014 3:55 PM
Description for 1825 Chestnut Long Beach, CA 90806
Garden style apartment building with four 2 bedroom units, eight one bedroom units and 7-8 garages. Permit was issued for 8 garages but current use 7 garages and boiler room. Conveniently located to shopping, hospitals, freeways, public transit and more. Affordable housing non-profit is current owner, the rents are low. Data as of October, vacant rentals may be already rented. All units rent month-to-month, no leases, no Section 8. No restriction on buyer/new owner with regards to raising rents to market. Pro Forma are the average market area rents provided by a the government used in the formula by which the non-profit calculates the rent it charges a tenant based on their income and family size. Identical units rent for different prices. Garages currently not rented. Four garages in front, four garages off alley. Great opportunity for investor who wants update building and bring rents to market rates. Property has galvanized plumbing that has been replaced as needed and is functional. Units do not have dishwashers. Property is sold separately and is not contingent on other sale or purchase.
Price
$1,399,000
Wrigley Area (Wr)
Los Angeles
8,536 (approx)
PW13172209
Pending
Description
Garden style apartment building with four 2 bedroom units, eight one bedroom units and 7-8 garages. Permit was issued for 8 garages but current use 7 garages and boiler room. Conveniently located to shopping, hospitals, freeways, public transit and more. Affordable housing non-profit is current owner, the rents are low. Data as of October, vacant rentals may be already rented. All units rent month-to-month, no leases, no Section 8. No restriction on buyer/new owner with regards to raising rents to market. Pro Forma are the average market area rents provided by a the government used in the formula by which the non-profit calculates the rent it charges a tenant based on their income and family size. Identical units rent for different prices. Garages currently not rented. Four garages in front, four garages off alley. Great opportunity for investor who wants update building and bring rents to market rates. Property has galvanized plumbing that has been replaced as needed and is functional. Units do not have dishwashers. Property is sold separately and is not contingent on other sale or purchase.
Listing Information
Property Type: Cluster
0.17 Acres 8,536 (approx) $163.89
1959 Yes- 7 spaces 2
Wrigley Area (Wr)
12 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
None
Wall Unit
Exterior / Lot Features
7 Garage Spaces, 7 Parking Spaces
None
No Pool
Urban
Driving Directions
Go North of PCH on Chestnut
Financial Considerations
7209028020
Income ,$18,075
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90806 has a population of  463,589.

The median household income in Long Beach, California 90806 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 90806 is 33.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Thornton Realty Brian Thornton
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

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409774 - Dilbeck Real Estate
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