PRICE $1,899,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 6,523 sqft
LOT SIZE 7,488 sqft

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 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.

DAYS ON MARKET 27 LAST UPDATED 2/18/2025
TRACT Wrigley Area (WR) YEAR BUILT 1944
COMMUNITY Wrigley Area GARAGE SPACES 4.0
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Gas Range
AREA Wrigley Area
GARAGE Assigned, Yes
HEAT Central
HOA DUES 0
INTERIOR All Bedrooms Down, All Bedrooms Up, Multiple Staircases
LOT 7487 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
PARKING Assigned
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Wrigley Area (WR)
UTILITIES Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
VIEW DESCRIPTION None
WATER Public
ZONING LBR2N
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/25 9:23 PM PST 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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