1273 Chestnut
Long Beach — 4 units / 3,042 sf building
Listing Agent: Joshua Hammond, Compass
Units
4
Building Size
2,594 sf
Lot Size
5,599 sf
Status
Sold
Listing Agent: RHEA BAI, RE/MAX PREMIER/ARCADIA
Long Beach
About This Property
A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.
Unit Mix
Neighborhood
This property is located in Long Beach. Want to learn more about the area?
Explore CommunitiesSold For
$1,180,000
Listing Agent
RHEA BAI
RE/MAX PREMIER/ARCADIA
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