1279 - 1285 Chestnut Ave, Long Beach CA 90813
Well located 5 unit in Drake neighborhood of Long Beach less than one mile from downtown Long Beach, and in a dense rental market with low vacancy rate and strong income. Near mult-billion dollar Civic Center development, new courthouse, and other exciting urban redevelopment projects.
Clean, professionally managed, newly renovated exterior and new roof.
Excellent unit mix: Front building has 4 units - one 2BD/1BA unit and three 1BD/1BA units. Rear building has a 2BD/1BA and three enclosed garages. Approximately 2814 total sq. ft..
Owned laundry for additional income, separately metered for gas and electricity, and approximately 15% upside from current rents to market.
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