1036 Chestnut Avenue
Description
great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot....We are pleased to present a 7 unit apartment building located at 1036 Chestnut Avenue in Long Beach, California. This is a value-add opportunity in a
great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot. Units 1-6 was built in 1960 and unit A was built in 1949. All units are one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 parking spaces in the rear which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
- Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap • kking@marcusmillichap.com
Property Details for 1036 Chestnut Avenue
Property Details for 1036 Chestnut Avenue
| Status | Active |
|---|---|
| MLS # | PW24201199 |
| Days on Market | 81 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1949 |
| County | Los Angeles County |
Building Information for 1036 Chestnut Avenue
Property Information for 1036 Chestnut Avenue
- Gross Income: $127,458
- Gross Scheduled Income: $131,400
- Net Operating Income: $82,624
- Operating Expense: $44,834
- New Taxes Expense: $18,125
- Gardener Expense: $1,500
- Fuel Expense: $1,684
- Electric Expense: $1,685
- Insurance Expense: $3,770
- Maintenance Expense: $5,950
- Professional Management Expense: $6,373
- Other Expense: $2,377
- Other Expense Description: Leg/Misc
- Trash Expense: $1,685
- Water Sewer Expense: $1,685
- Total Expenses: $44,834
- Tax Block: 8
- Tax Tract Number: 575802
- Tax Census Tract: 5758.02
- CFD/Mello-Roos Fee: $1,307
- Tax Lot: 12
- Community Features: Curbs, Rural, Sidewalks
- Laundry: No
- Laundry Features: None
- Entry Location: front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 6-10 Units/Acre
- Number Of Units: 7
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer, Septic Type Unknown, Unknown
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 7
- Open Other Spaces Total: 7
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 6
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,559
- Unit Type Total Rent: $9,355
- Unit Type Pro Forma: 1795
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,595
- Unit Type Total Rent: $1,595
- Unit Type Pro Forma: 1795
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 1036 Chestnut Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1036 Chestnut Avenue
Schools near 1036 Chestnut Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.