2200 Chestnut
Long Beach, CA 90806
- – beds
- – baths
- – sqft
- 6,500 sqft lot
- 1932 build
- – on site
Beautifully restored Spanish Revival 6-unit complex in Long Beach’s historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools—strong cash flow and long-term upside.
Last checked:
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Last updated Apr 14, 2025
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MLS# OC25078995 —
The Building
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Year Built:1932
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:5504.00
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Building Area Units:Square Feet
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Total Number Of Units:6
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# of Buildings:1
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Stories Total:2
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Common Walls:1 Common Wall
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# of Separate Gas Meters:7
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# of Separate Water Meters:1
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# of Separate Electric Meters:7
Interior
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Entry Location:Ground
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Laundry:Common Area, Individual Room
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Laundry:1
Location
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Directions:Google Maps
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Latitude:33.79728300
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Longitude:-118.19585900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:6-10 Units/Acre
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Lot Size Area:6500.0000
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Lot Size Acres:0.1492
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Lot Size SqFt:6500.00
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Lot Size Source:Assessor
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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
The Listing
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Special Listing Conditions:Standard
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Showings Begin:2025-04-14
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Neighborhood:Wrigley
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Features:Biking, Gutters, Sidewalks, Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:5.00
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Garage Spaces:5.00
Extra Units
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Average 1 Bed Area:752
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Average 2 Bed Area:1000
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 |
|---|---|---|---|---|
|
4/14/25
Apr 14, 2025
|
Listed / Active | CRMLS_CA | $1,849,000 |
