Active
2024 Chestnut Avenue
Long Beach CA, 90806
$1,399,000
$378.93 per sqft
Active
3,692 sqft
Condos
Built in 1928
Listed by Anthony Walker with Buckingham Investments, Inc 310-867-1183
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 11.26 GRM and a current cap rate of 5.4%. There is approximately 7% upside in income to a market cap rate of 6.1%. 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.
SB24215716
MLSⓇ ID
October 18, 2024
Listed
October 19, 2024
Updated
Map
2024 Chestnut Avenue
Long Beach CA, 90806
Interior Features
Total Stories
2
Interior Features
Laminate Counters, Quartz Counters
Appliances
Gas Oven, Gas Range
Laundry Description
Common Area
Floor Description
Carpet, Tile, Vinyl
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
0-1 Unit/Acre
Architectual Style
Mediterranean
Roof
Flat, Tile
Sewer
Public Sewer
Other Property Details
Area Name
5 - Wrigley Area
Garage
Yes
Garage Spaces
4
Parking
Garage Faces Rear
Parking Total
4
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBR2N
Listing Contact: 310 982-7055
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/19/2024 at 3:19 PM UTC