1941 Chestnut Avenue

    Long Beach, CA 90806
    • $895,000
    • STATUS: Closed
    • ON SITE: 282 days
    • ID#: DW17246834
    Sold - 06/04/2018
    $895,000
    SOLD - 06/04/2018
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,245
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:

    School Ratings & Info

    Description

    Very Charming! Spanish style three units in South Wrigley. . Two story front building has 2/3 bedroom 1 bath units and there is a detached 3 bedroom 2 bath home with attached 2 car garage. Long term tenants with low rent. Lots of upside potential! Large gated front yard and driveway for several vehicles. Dense area with strong upside in rents. Please do not disturb tenants. Drive by only. Buyer to verify all permits, square footage, bedroom and bathroom count etc. Pro Forma rents bring this property to a 12.4 GRM! Please click on supplements link for financial info.

    Sold by Anthony Walker of Buckingham Investments, Inc.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. 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. 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, 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.
    www.teamforss.com/homes/78539911

    1941 Chestnut Avenue Long Beach, CA 90806

    • Price: $919,000
    • Status: Closed
    • Updated: 50 min ago
    • ID#: DW17246834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,245
    SQFT
    $276
    $/SQFT
    1935
    Built
    Neighborhood:
    Wrigley Area (Wr)
    County:
    Los Angeles
    Area:
    5 - Wrigley Area
    Property Description
    Very Charming! Spanish style three units in South Wrigley. . Two story front building has 2/3 bedroom 1 bath units and there is a detached 3 bedroom 2 bath home with attached 2 car garage. Long term tenants with low rent. Lots of upside potential! Large gated front yard and driveway for several vehicles. Dense area with strong upside in rents. Please do not disturb tenants. Drive by only. Buyer to verify all permits, square footage, bedroom and bathroom count etc. Pro Forma rents bring this property to a 12.4 GRM! Please click on supplements link for financial info.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/AcreNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features See Remarks Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features Curbs Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 37644.00 Gross Multiplier 17.00 Gross Scheduled Income 54600.00 Insurance Expense 1400.00 Land Lease YN No Laundry YN Yes Licenses Expense 180.00 Net Operating Income 37644.00 New Taxes Expense 11712.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 16956.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Wrigley Area (Wr) Tenant Pays Electricity Total Expenses 16956.00 Trash Expense 0.00 Water Sewer Expense 2544.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Jim Spathos of 24 Hour Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. 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. 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, 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.
     
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