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1584 Chestnut Avenue, Long Beach, CA 90813
$750,000
1584 Chestnut Avenue, Long Beach, CA 90813View this property at 1584 Chestnut Avenue, Long Beach, CA 90813
1584 Chestnut AvenueLong BeachCA90813
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Property Description
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.
Full Property Details
Full Property Details for 1584 Chestnut Ave
General
- Sold For: $750,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC24033408
- Added to Site: 108 day(s) ago
Rooms
Other Rooms
- Laundry: Dryer Included, Washer Included
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Cross Streets of Chestnut Avenue & West 15th Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: First Level
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,132
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.17
- Lot Size Source: Assessor
- Zoning: LBR4N
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $351.78
- Price Per Unit: 375000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Marcus & Millichap RE Invest, Tyler Leeson
Sold by Coldwell Banker Dynasty/Tc, MINH HUYNH
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Schools
Schools serving 1584 Chestnut Ave
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2445 Chestnut Ave, Long Beach, CA 90806 | PK-5 | 1 mi | |
1450 Cedar Ave, Long Beach, CA 90813 | 6-8 | 0.2 mi | |
2001 Santa Fe Ave, Long Beach, CA 90810 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1584 Chestnut Ave
Date
Details
Price
Change
Source
3/28/2024
Sold
$750,000
—
MLS
2/16/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1584 Chestnut Avenue, Long Beach, CA 90813 (MLS# OC24033408) is a Multi-Family property that was sold at $750,000 on March 28, 2024. Want to learn more about 1584 Chestnut Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.