2024 Chestnut Avenue
Long Beach, CA 90806
- – beds
- – baths
- – sqft
- 6,399 sqft lot
- 1928 build
- – on site
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.
Last checked:
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Last updated Nov 22, 2024
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MLS# SB24215716 —
The Building
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Year Built:1928
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:Mediterranean
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Roof:Flat, Tile
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Entry Level:1
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Accessibility Features:None
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Common Walls:2+ Common Walls
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Building Area Total:3692.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:5
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Features:Laminate Counters, Quartz Counters
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Levels:Two
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Entry Location:1
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Flooring:Carpet, Tile, Vinyl
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Fireplace:No
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Fireplace:None
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Laundry:Community
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Laundry:1
Location
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Directions:West of Pacific, North of PCH
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Latitude:33.79405400
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Longitude:-118.19557800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR2N
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Lot Features:0-1 Unit/Acre
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Lot Size Area:6399.0000
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Lot Size Acres:0.1469
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Lot Size SqFt:6399.00
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Lot Size Source:Assessor
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View:None
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:2
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Tax Census Tract:5730.04
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Tax Tract:5161
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7209025009
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:220 Volts
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range
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Included:Yes
The Community
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Subdivision:Wrigley Area (WR)
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Subdivision:Wrigley Area (WR)
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Senior Community:No
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Neighborhood:South Wrigley
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Features:Suburban
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
Parking
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Parking:Yes
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Parking:Garage Faces Rear
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
|
Price Changed | CRMLS_CA | $1,350,000 | -3.5% |
|
10/18/24
Oct 18, 2024
|
Listed / Active | CRMLS_CA | $1,399,000 |
