1070 Chestnut Ave | Long Beach, CA 90813
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1070 Chestnut Ave
Long Beach, CA 90813
Condo Tract Map Building | 12 Individual APNs · Build-to-Rent Property For Sale
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12 Units
INVESTMENT HIGHLIGHTS
- 12-Unit Condo Tract Map Building, Built in 1956 Located Near Downtown Long Beach, CA
- Brand New Pitched Roof, New Sewer Lining with Line-X, and New Windows
- 6 Parking Space in the Back | Potential to Park in Tandem for Additional Parking
- All Units Have Individual Parcels Numbers | Opportunity to Sell Each Condo Separately | Average 1 Bedroom Condos Selling for $547 per SF
- Majority Tenants are on Subsidized Programs (HACLA or HACLB) | Ensuring Smooth Rental Collection
- Each Unit with Individual Water Heaters | Individually Metered for Gas & Electric
PROPERTY FACTS
| No. Units | 12 | Property Size | 6,576 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Costar Property Class | C | Parking Allocation | 0.91/1,000 sq ft |
| Total Plot Size | 0.17 ac | ||
| Use Class | LBPD10 | ||
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.17 ac |
| Property Size | 6,576 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1956 |
| Parking Allocation | 0.91/1,000 sq ft |
| Use Class | LBPD10 |
AMENITIES
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 12 | - | 548 |
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