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2024 Chestnut Avenue

Long Beach, CA 90806

– beds
– baths
– sqft
6,399 sqft lot
1928 build
– on site

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.

Listed By CRMLS_CA / Anthony Walker / Buckingham Investments, Inc / 310-867-1183

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# SB24215716 —

The Building

Year Built:

1928
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Mediterranean
Roof:

Flat, Tile
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Building Area Total:

3692.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Features:

Laminate Counters, Quartz Counters
Levels:

Two
Entry Location:

1
Flooring:

Carpet, Tile, Vinyl
Fireplace:

No
Fireplace:

None
Laundry:

Community
Laundry:

1

Location

Directions:

West of Pacific, North of PCH
Latitude:

33.79405400
Longitude:

-118.19557800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2N
Lot Features:

0-1 Unit/Acre
Lot Size Area:

6399.0000
Lot Size Acres:

0.1469
Lot Size SqFt:

6399.00
Lot Size Source:

Assessor
View:

None
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

5730.04
Tax Tract:

5161
Tax Lot:

9

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7209025009

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Range
Included:

Yes

The Community

Subdivision:

Wrigley Area (WR)
Subdivision:

Wrigley Area (WR)
Senior Community:

No
Neighborhood:

South Wrigley
Features:

Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Garage Faces Rear
Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/18/24 Oct 18, 2024	Listed / Active	CRMLS_CA	$1,399,000

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This multifamily located in South Wrigley, Long Beach, CA 90806 is currently for sale for $1,399,000. 2024 Chestnut Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 17 days. 2024 Chestnut Avenue is in the South Wrigley neighborhood of Long Beach and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Lafayette Elementary School, Cabrillo High School, and Washington Middle School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 10:15 on Nov 04.

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, 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.