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2024 Chestnut Avenue
Long Beach CA 90806 US

$1,399,000

Active Listing ID SB24215716
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12 bed
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5.00 Bath (5 Full)
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Lot: 6,399.00 Square Feet
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Apartment

$1,399,000

Active Listing ID SB24215716
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2024 Chestnut Avenue 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.

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Property Features

  • Facts
  • Lot Size: 6,399.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 5
  • Cooling System: None
  • Exterior Finish: Community Features Included: Suburban, 0-1 Unit/Acre
  • Floor Covering: Carpet, Tile, Vinyl
  • Roof Type: Flat, Tile

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 1399000
  • unparsedaddress: 2024 Chestnut Avenue
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90806
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.146900826446281
  • lotsizeunits: Square Feet
  • lotsizearea: 6399
  • livingarea: 3692
  • livingareaunits: Square Feet
  • listagentfullname: Anthony Walker
  • listagentemail: Anthony.walker@buckinghaminvestments.com
  • listagentkey: 3yd-MRMLSCA-SBWALKANT
  • listagentmlsid: SBWALKANT
  • listagentpreferredphone: 3105614776
  • listagentofficephone: 3109827055
  • listofficekey: 3yd-MRMLSCA-SB1301700
  • listagentstatelicense: 01908153
  • listofficemlsid: SB1301700
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1928
  • listingcontractdate: 2024-10-18
  • listagenturl: http://www.buckinghaminvestments.com
  • countyorparish: Los Angeles
  • parcelnumber: 7209025009
  • appliances: Oven - Gas, Range, Range - Gas
  • cooling: None
  • flooring: Carpet, Tile, Vinyl
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 4
  • parkingfeatures: Garage
  • roof: Flat, Tile
  • view: None
  • waterfrontyn: False
  • interiorfeatures: Laminate Counters, Quartz Counters, None
  • exteriorfeatures: Community Features Included: Suburban, 0-1 Unit/Acre
  • architecturalstyle: Mediterranean
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Buckingham Investments, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Anthony.walker@buckinghaminvestments.com", "ListBrokerageCity":"Long Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"buckingham.inv@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/110/335173/20160816181448704.png", "ListBrokerageName":"Buckingham Investments, Inc.", "ListBrokeragePhone":"(562) 208-4890", "ListBrokeragePostalCode":"90802", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Ste 607", "ListBrokerageUnparsedAddress":"320 Pine Ave", "ListBrokerageWebsiteUrl":"http://www.buckinghaminvestments.com", "ListOfficeAddress1":"1304 El Prado Ave Ste C", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBWALKANT", "ListOfficeCity":"Torrance", "ListOfficeCountry":"US", "ListOfficeEmail":"buckingham.inv@gmail.com", "ListOfficePostalCode":"90501", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Mediterranean, Apartment - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2024-Chestnut-Ave_Long-Beach_CA_90806_M22759-13914?f=listhub&s=MRMLSCA&m=SB24215716&c=rexren", "MLSModificationTimestamp":"2024-10-18T15:12:18Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/22/2024 3:57:19 PM GMT
Source Updated Date: 10/31/2024 6:52:10 AM GMT

Courtesy of: Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.