Long Beach, CA 90813 1036 Chestnut Avenue
$1,500,000
9 more
Presented By: Kevin King with Marcus & Millichap; [email protected]
Beds • 6
Baths • 1
SQFT • 3,770
Home Details
We are pleased to present a 7 unit apartment building located at 1036 Chestnut Avenue in Long Beach, California. This is a value-add opportunity in a
great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot. Units 1-6 was built in 1960 and unit A was built in 1949. All units are one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 parking spaces in the rear which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
Presented By: Kevin King with Marcus & Millichap; [email protected]
Interior Features for 1036 Chestnut Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1036 Chestnut Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Rural, Sidewalks
CountyLos Angeles
Days on Market
Directions10TH ST & CHESTNUT AVE
Electric Expense1684.7
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense1684.0
Garage Spaces0.0
Garage Y/NNo
Gross Income127458.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3770.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7478.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense5950.0
MobileHomeRemainsYNNo
Net Operating Income81999.0
New ConstructionNo
NumberOfUnitsTotal7
Open Parking Spaces7.0
Operating Expense45459.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, SepticTypeUnknown, Unknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot12
Taxes$18,750
TermsCash, CashToNewLoan, Exchange1031
Trash Expense1684.7
View Y/NNo
Water Sewer Expense1684.7
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningLBPD10
Exterior for 1036 Chestnut Avenue
Building Area Total3770.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1717
Lot Size Area7478.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking7.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480