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$3,500,000
54 Days Online

1070 Chestnut Avenue
Long Beach, CA 90813

For Sale|Multi-Family|Active
Subdivision:
North Long Beach (Nlb)
County:
Los Angeles
Listed by Herbie Zadeh of First Team Real Estate

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

1070 Chestnut Avenue1070 Chestnut Avenue1070 Chestnut Avenue1070 Chestnut Avenue
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One Building with twelve (12), One (1) bedroom and one (1) bathroom apartments. Each apartment unit is rented out at about $1,500 per unit. The total rental income of the 12 unites @ current $1,500 is $18,000 per month. One unit gets a $500 discount (minus) for helping out with the property and the washer dryer income is about $500 (plus). So again, the total income is around $18,000 per month currently. Some upgrades have been done to the property since it was purchased a few years back. Six (6) units are on the ground floor and Six (6) units are upstairs. Parking is in the back and on a first come, first serve basis. Each apartment unit has separate utilities and they have separate water, gas and electric bills. Each tenant pays for their own utilities. Great location and just a couple of miles from the Pacific Ocean, great ocean breeze. Easy Access from multiple roads and lots of amenities to enjoy.

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Listing Snapshot
Price 
$3,500,000
Days Online 
54 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,477 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1716 Acres
Year Built 
1956
MLS Number 
OC22101403
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Construction 
Stucco
Parking 
UnassignedUncovered
Parking Spaces 
6
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1716
Water 
Public
Property Sub Type 
Apartment
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Zoning 
LBPD10
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
See Remarks
Flooring 
Tile
Interior 
AllBedroomsUpAllBedroomsDownBedroomonMainLevelMainLevelMaster
Fireplace Features 
None
Laundry Features 
Common AreaLaundry Room
Fireplace 
No
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Exterior Features
View 
Trees Woods
Fencing 
Wood
Spa 
No
Pool Features 
None
Spa Features 
None
Waterfront Features 
Ocean Side Of Freeway
Lot 
Item1115 Units AcreLevelRectangular Lot
Road Frontage 
City Street
Community Features
Association Dues 
0
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
7 - North Long Beach


This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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