1620 Chestnut

Long Beach, CA 90813
Square Ft.
4,028
Property listed by Buckingham Investments, Inc, Kristen Mussenden 407-341-3254
$1,350,000
Simple, easy-to-own investment property with a great unit mix of (3) 2 bed/1 bath and (1) 3 bed/1 bath. Each unit nicely sized with the building totaling 4,028 sqft overall. Offered at a 12.68 GRM and 4.7% cap rate on current rents, which are at or near market. Updated electrical,… Read MoreRead Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Square Ft.
4,028
Lot Size
0.17 Acres
Year Built
1917
MLS Number
SB26242198
Property Location Map
Additional Details
Building
Built in 1917, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
StreetLights
Expenses
Gardener: $1,920, Insurance: $4,321, Licenses: $674, Maintenance: $3,559, Operating: $37,636, Pest Control: $600, Water/Sewer: $1,770
Garage
4 spaces
Income
Gross Income: $106,464, Gross ScheduledIncome: $106,464, Net Operating Income: $68,828
Laundry
None
Lot
0.1723 acres, ZeroToOneUnitAcre, Yard
Parking
4 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7269039005, Tax Block: 7, Lot: 6
Utilities
Water Source: Public, 4 separate electric meters, 4 separate gas meters
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Charles Fisher
Realtor®
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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.