Chestnut Ave, Long Beach, Home For Sale

house for sale

Listed: 08/27/24

1885 Chestnut Ave, Long Beach, California, 90806

17 Bed:

8 Bath:

6,523 Sq Ft Living Area:

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Price

$ 2,2M

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About This House

Amazing prime investment in this Opportunity zone. This 8-unit apartment complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Units have been tastefully remodeled to go along with a brand NEW roof install last year in one of the buildings. A 2 bedroom unit will be deliveredVACANTand remodeled. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU's. All tenants are on month-to-month leases and consistently meet their obligations. Huge Rental Upside with11.46 GRM AND 5.9% CAP. Don't miss out on this smart investment in a sought-after location.

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Houses for sale in Long Beach

Original listing

Long Beach Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$855,288 (+3.1%)
Jul 2024	$829,399 (+1.1%)
Jun 2024	$820,250 (-12.7%)
May 2024	$939,766 (+0.6%)
Apr 2024	$934,572 (0%)
Mar 2024	$934,572 (0%)

In August 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $855,288, an increase of 3.1% from the previous month.

Median price trends for properties for sale in Long Beach, United States as of August 2024.

Household Income

Median household income: $61,610

Number of households: 173,432

The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.