List Search

444 Chestnut Ave
Long Beach, CA 90802 Downtown Long Beach

$3,699,000 USD

Apartments For Sale  •  11,928 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,928 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 6.40 %
  • Zoning LBR4N
74 Transit Score
95 Walk Score

Highlights

Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
Qualified Buyers can put down as little as 25%.
EMAIL LISTING AGENT FOR RENT ROLL AND OM.
All units were completely redone in 2018/2019 and are beautifully remodeled. Update Electrical.
Excellent location just blocks from Downtown Long Beach with over $8BB of redevelopment.

Financial Summary

Cap Rate: 6.40 %

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 3 min 0.2 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 13 min - 5.4 mi
John Wayne/Orange County 35 min - 21.7 mi
Los Angeles International 31 min - 21.7 mi
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency