Listing Courtesy of: CRMLS / Marcus & Millichap Re Invest / Tyler Leeson - Contact: 714-713-9086
1584 Chestnut Avenue Long Beach, CA 90813
Sold (18 Days)
$750,000
2,132
SQFT
Description
MLS #:
OC24033408
OC24033408
Lot Size
7,405 SQFT
7,405 SQFT
Type
Multifamily
Multifamily
Year Built
1953
1953
County
Los Angeles County
Los Angeles County
Listed By
Tyler Leeson, Marcus & Millichap Re Invest, Contact: 714-713-9086
Bought with
Minh Huynh, Coldwell Banker Dynasty/Tc
Minh Huynh, Coldwell Banker Dynasty/Tc
Source
CRMLS
Last checked Jan 22 2025 at 1:17 PM PST
CRMLS
Last checked Jan 22 2025 at 1:17 PM PST
Bathroom Details
Interior Features
- Washer
- Dryer
Lot Information
- Street Level
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
Stories
- 1
Additional Information: Marcus & Millichap Re Invest | 714-713-9086
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
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.