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1070 Chestnut Ave Immeuble residentiel 12 lots 2 411 864 € (200 989 €/Lot) Taux de capitalisation 5,90 % Long Beach, CA 90813
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- New roof, sewer line, windows, upgraded electrical
- Individually metered for gas & electricity; separate water heaters for each unit
- ADU Potential & Condominium Optionality
- Recently installed water heater and upgraded wall-mounted furnaces (not all units)
- Stable income profile - majority participate in HACLA and HACLB
Résumé analytique
1070 Chestnut Avenue is a 12-unit multifamily asset located in the Long Beach, California within the Willmore Historic District submarket. The property consists entirely of 1 bedroom / 1 bath units, offering a functional and consistent unit mix with a combination of original character and select interior upgrades.
CAPITAL IMPROVEMENTS & BUILDING SYSTEMS
The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include:
• New roof, windows, and upgraded electrical system
• Line-X sewer line replacement
• Recently installed individual water heaters
• Upgraded wall-mounted furnaces in select units
Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control.
STABLE INCOME PROFILE
The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk.
INCOME GROWTH & VALUE-ADD POTENTIAL
Additional income is generated through on-site laundry facilities. The property also offers multiple avenues for further revenue growth:
• Parking Income: Six (6) rear parking spaces present an immediate opportunity to implement parking fees with no additional capital investment
• ADU Potential: The rear parking area may support future ADU development, allowing for increased density and rental income
• Condo Conversion Optionality: Each unit has a separate APN, creating the potential for future individual condominium sales
LOCATION & ACCESSIBILITY
Situated in Willmore Historic District, the property benefits from convenient access to major transportation corridors, including the nearby 710 Freeway, providing connectivity to employment centers throughout Long Beach and greater Los Angeles.
CAPITAL IMPROVEMENTS & BUILDING SYSTEMS
The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include:
• New roof, windows, and upgraded electrical system
• Line-X sewer line replacement
• Recently installed individual water heaters
• Upgraded wall-mounted furnaces in select units
Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control.
STABLE INCOME PROFILE
The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk.
INCOME GROWTH & VALUE-ADD POTENTIAL
Additional income is generated through on-site laundry facilities. The property also offers multiple avenues for further revenue growth:
• Parking Income: Six (6) rear parking spaces present an immediate opportunity to implement parking fees with no additional capital investment
• ADU Potential: The rear parking area may support future ADU development, allowing for increased density and rental income
• Condo Conversion Optionality: Each unit has a separate APN, creating the potential for future individual condominium sales
LOCATION & ACCESSIBILITY
Situated in Willmore Historic District, the property benefits from convenient access to major transportation corridors, including the nearby 710 Freeway, providing connectivity to employment centers throughout Long Beach and greater Los Angeles.
Informations sur l’immeuble
| Prix | 2 411 864 € | Classe d’immeuble | C |
| Prix par lot | 200 989 € | Surface du lot | 0,07 ha |
| Type de vente | Investissement | Surface de l’immeuble | 611 m² |
| Taux de capitalisation | 5,90 % | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 10.84 | Nb d’étages | 2 |
| Nb de lots | 12 | Année de construction | 1956 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,08/1 000 m² |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | LBPD10 | ||
| Prix | 2 411 864 € |
| Prix par lot | 200 989 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,90 % |
| Multiplicateur du loyer brut | 10.84 |
| Nb de lots | 12 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 611 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1956 |
| Ratio de stationnement | 0,08/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | LBPD10 |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Moyennement praticable à pied
70/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
60/100
Moyennement praticable en vélo
70/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 1 220 300 € | |
| Évaluation du terrain | 922 414 € | Évaluation totale | 2 142 714 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
922 414 €
Évaluation des aménagements
1 220 300 €
Évaluation totale
2 142 714 €
1 sur 15
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
1070 Chestnut Ave
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