1606 Chestnut Avenue Long Beach, CA ^$ 599,000

1606 Chestnut Avenue

^$ 599,000

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1606 Chestnut Avenue

Long Beach, CA, 90813

^$ 599,000

Bedrooms4 Baths4.0 Sq 2,750

Monthly Estimate*

^$ 3,981

Listed by Compass

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 1

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 2

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 3

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 4

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 5

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 6

1606 Chestnut Avenue, Long Beach, CA 90813 - Image 7

Multi-Family Home for sale in Long Beach, CA

for $599,000 with 4 bedrooms and 4 full baths. This 2,750 square foot home was built in 1928 on a lot size of 0.1726.

Incredible opportunity for a savvy investor. Major Fixer-Upper Fourplex on a large 7500+ sq ft lot in a great investment area. Four garages plus gated parking for another 2 cars. HUGE front yard provides plenty of room to build additonal units if city allows (buyer to verify). Must be a CASH or HARD MONEY deal. Probate Sale with no court confirmation required per the attorney. Check the comps in the area and you'll see how much upside there is in this one. Income and expenses listed are estimates/projections only and buyer is advised to do their own research. HURRY!!

Multi-Family Pending

Price

^$ 599,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1726

Year Built

1928

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24101758

Days on Market

Features

General

Sewer PublicSewer

Possession CloseOfEscrow

Zoning LBR4N

HOA 0.0

Garage Spaces 4.0

Pool Features None

Year Built 1928

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 81600.0

Community Features Biking Curbs Fishing Golf StreetLights WaterSports

County Los Angeles

Net Operating Income 61200.0

Operating Expense 20400.0

Insurance Expense 4000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency None sell it!

Subdivision Name n/a

Facing Direction West

Garage Y/N Y

Special Listing Conditions ProbateListing

Status Pending

Directions PCH to Chestnut Ave. and go South on Chestnut

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 4

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 7520.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Listing Terms Cash

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition Fixer

Trash Expense 1200.0

Water Sewer Expense 3000.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 13

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 10

Total Actual Rent 0.0

Property Sub Type Additional Quadruplex

Taxes 7500.0

Cap Rate 10.2

Exterior

Lot Features FrontYard

Water Source Public

Total Parking 4.0

Lot Size Area 7520.0

Number of Buildings 1

Spa N

Building Area Total 2750.0

Lot Dimensions 50x150

Lot Size Acres 0.1726

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1606

* Excluded Features

List By

Compass

Broker

(310) 732-1202

Phone

Affordability Calculator

$3,981

Per Month

Monthly Principal & Interest: $3,981
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,006,441

Percent of Sale Price 235%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$599,000		Listed Price

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1606 Chestnut Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $599,000 with 2,750 sqft and a lot size of 0.1726. 1606 Chestnut Avenue has 4 bedrooms, 4.0 baths, and was built in 1928. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1606 Chestnut Avenue

Multi-Family Home for sale in Long Beach, CA

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