Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 7-unit plus 1 non-conforming remodeled unit complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Four (4) units have… Read More been tastefully remodeled to go along with a brand NEW roof and brand new water heater. Has great potential rental upside, while Cap Rate on current rents is at 7.60% and 8.8 GRM. There’s 4 individual garages, laundry room, & spacious courtyard. Read Less
Property listed by Compass, Branden Chhuor 213-536-9669
Listing Snapshot
Days Online
47
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1944
MLS Number
PW25018988
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1944, Building area total: 6,523, Levels: Two, 2 stories, 2 buildings, Common walls: NoCommonWalls
Community
Sidewalks
Cooling
None
Accessibility Features
Accessibility features: None
Expenses
Electric expense: $1,100, Gardener expense: $1,200, Insurance expense: $14,000, New taxes expense: $23,400, Operating expense: $64,700, Trash expense: $1,000, Water sewer expense: $10,000, Other expense: $5,000
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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