726 Chestnut Ave Long Beach, CA 90813

726 Chestnut Ave Long Beach, CA 90813

Long Beach, CA

Property Description


  • Strong Day 1 Cashflow
  • Assumable Loan at 3.49% | Year 1 Cash-on-Cash: 5.47%
  • Separately Metered For Gas and Electric | Individual Water Heaters
  • Cap Rate 5.43% | GRM 12.35
  • Fourteen (14) 1-bed/1-bath Units
  • 2,316 Units in Development within 0.75 Miles | Walk score: Walkers Paradise (94)


The Van Vuuren Group of Lyon Stahl is pleased to present the opportunity to acquire 726 Chestnut Ave, a 14-unit apartment
complex in Long Beach, California. The property is centrally located with proximity to the newly developed metropolitan of
downtown Long Beach and boasts a walk score of 94 (Walker’s Paradise) providing residents easy access to everyday needs and
a plethora of updated retail, high employment opportunities, metro line transportation, and entertainment options.
Built in 1914, the subject property is comprised of fourteen (14) one-bed/one-bath units situated on a 7,492 sqft lot. All Units have
been renovated prior to the current tenant occupancy with most including refinished cabinets, engineered wood flooring, new
vanities, and countertops. The property stands as 4 separate buildings including private balconies for the upstairs units and
private back decks for the downstairs units. Gas and electricity are separately metered, and all units have individual water
heaters keeping landlord expenses to a minimum.
726 Chestnut Avenue’s location and cash flow provide investors an opportunity to acquire an asset providing one of the highest
yields of any offering in Long Beach while continuing to realize the growth of the hottest market of Southern California. As a
bonus, the assumable loan with a 3.49% interest rate makes this property an outlier in which the new owner will have positive

Property Features

  • Sale Price: $3,050,000
  • Area Size: 7,168 Sq. Ft.
  • Year Built: 1914
  • Listing Date: 3/14/2023
  • Units: 14
  • Current GRM: 11.08
  • Current Cap Rate: 6.07%
  • Price Per Unit: $242,786
  • Market GRM: 9.95
  • Market Cap Rate: 7.02%
  • Current NOI: $185,140

Lyon Stahl Investment Real Estate

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