CBRE Inc., as the exclusive advisor, is pleased to present 1825 Chestnut Ave, a 12-unit multifamily in Long Beach, CA. The property is located just off the corner of Chestnut Ave and Pacific Coast Hwy, just 2-miles away from the Port of Long Beach and Long Beach’s Shoreline Village. The property consists of eight, 1-Bedroom/1-Bathroom and four, 2-Bedroom/1-Bathroom units. The building offers over 8,500 SF of rentable living space with on-site parking via uncovered spaces and several garages. Currently the property is producing +/-$22,074 in monthly rental income boasting a 5.49% CAP Rate and 12.08 GRM on existing income. A savvy investor will recognize the opportunity to capitalize on potential income via the 15% loss-to-lease and additional income via on-site parking – 6 of the 8 garages are currently vacant. The property benefits from it’s location by being within close proximity to several frequently travelled destinations like the Port of Long Beach, Shoreline Village, Long Beach Poly High School, Long Beach Medical Center, Costco, Home Depot, Northgate Market, and more.