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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.
Property Type(s):
Residential Income
| Last Updated | 2/18/2025 | Tract | Wrigley Area (WR) |
|---|---|---|---|
| Year Built | 1944 | Community | Wrigley Area |
| Garage Spaces | 4.0 | County | Los Angeles |
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 |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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