1584 Chestnut Avenue
Long Beach, CA 90813
- 5 beds
- – baths
- 2,132 sqft
- 7,405 sqft lot
- $351 per sqft
- 1953 build
- – on site
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1584 Chestnut Avenue is a 2-unit multifamily investment opportunity located in Long Beach, CA. Situated on a 0.17-acre parcel, 1584 Chestnut Avenue offers a spacious three-bedroom home with a two-car garage in the front and a two-bedroom apartment above 4 garage spaces in the rear of the property. These garage spaces offer ownership the opportunity for significant additional income through the rental of the extra garage spaces. The property represents a unique value-add opportunity with ample upside. With current rents below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. 1584 Chestnut Avenue benefits from its excellent location, just North of Downtown Long Beach, providing residents with convenient access to an abundance of retail, dining, and entertainment options, as well as employers. 1584 Chestnut Avenue is available in conjunction with the adjacent 11-unit property located at 1600 Chestnut Avenue.
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Last updated Mar 28, 2024
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MLS# CROC24033408 —
The Building
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Year Built:1953
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Building Area Total:2132
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Building Area Units:Square Feet
Room Dimensions
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Living Area:2132
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Living Area Units:Square Feet
Location
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Directions:Cross Streets of Chestnut Avenue & West 15th Stree
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Lot Features:Other
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Lot Size Area:0.17
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Lot Size Acres:0.17
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Lot Size SqFt:7405
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Lot Size Units:Acres
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Zoning:LBR4
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Parcel Number:7269039009
Listing Agent
- Contact info:
- Agent phone:
- (714) 713-9086
Taxes
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Tax Tract:5754.01
Beds
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Bedrooms Total:5
The Listing
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Listing Terms1031 Exchange
Appliances
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Laundry Features:Dryer
The Community
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Association:false
Parking
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Parking Total:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/24
Mar 28, 2024
|
Sold | BRIDGE | $750,000 | |
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3/5/24
Mar 5, 2024
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Pending | BRIDGE | $750,000 | |
|
3/1/24
Mar 1, 2024
|
Relisted | BRIDGE | $750,000 |
