1731 Chestnut Ave, Long Beach, CA 90813

1731 Chestnut Ave, Long Beach, CA 90813

Long Beach, CA
$1,187,000

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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