Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB24215716
MLS Source
California Regional MLS
Days on Site
62
Interior Features
Appliances
Oven - Gas, Oven Range - Gas
Laundry
Community Facility
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat, Tile
Style
Mediterranean
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
License #: 02035659
Phone: (310) 982-7055
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
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 $1,350,000 and was built in 1928. This address can also be written as 2024 Chestnut Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of December 12, 2024. For the most current information, please contact Anthony Walker, (310) 982-7055
