1731 Chestnut Ave, Long Beach, CA 90813

1731 Chestnut Ave, Long Beach, CA 90813

Long Beach, CA

Property Description

The subject property is located at 1731 Chestnut Ave in Long Beach, CA. The property is comprised of twelve (12) studio units along with 4 garages in the alley. Each unit is approximately 325 square feet with a kitchen, bathroom and living area. The rental income is lower than market rate and all of the tenants are on month to month leases.

Property Features

  • Sale Price: $1,187,000
  • Closing Date: 06/06/17
  • Units: 12
  • Current GRM: 13.40
  • Current Cap Rate: 4.50%
  • Price Per Unit: $104,167
  • Current NOI: $56,283

Lyon Stahl Investment Real Estate

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