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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 0.18 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 6.40 %
  • Zoning LBR4N
80 Transit Score
70 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 %

Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-Up

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 4 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)) 3 min 12 min 0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 13 min - 5.4 mi
Los Angeles International 31 min - 21.7 mi
John Wayne/Orange County 36 min - 21.7 mi
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency