2024 Chestnut Avenue, Long Beach, CA 90806
-
Listed Price :
$1,350,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1928
Property Description
Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street.
The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet, Tile, Vinyl |
| Interior Information |
| Features |
Laminate Counters, Quartz Counters |
| Cooling Type |
None |
Listing Information
| Address |
2024 Chestnut Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Anthony Walker DRE #01908153 |
| Co-Listing Agent |
Josh Ess DRE #02035659 |
| Courtesy Of |
Buckingham Investments, Inc |
| List Price |
$1,350,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
6,399 |
| Year Built |
1928 |
Listing information courtesy of: Anthony Walker, Josh Ess, Buckingham Investments, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 22nd, 2024 at 12:11 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
