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.
MLS #
CRSB24215716
MLS Source
California Regional MLS
Days on Site
35
Appliances
Oven - Gas, Oven Range - Gas
Laundry
Community Facility
Cooling
None
Heating
Wall Furnace
Roof
Flat, Tile
Style
Mediterranean
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$0
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
License #: 02035659
Phone: (310) 982-7055
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | 4 | – |
2024 Chestnut Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,399,000 and was built in 1928.
This address can also be written as 2024 Chestnut Ave, Long Beach, CA 90806.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 18, 2024. For the most current information, please contact Anthony Walker, (310) 982-7055