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2024 Chestnut Avenue, Long Beach, CA 90806

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For Sale
Sale Pending

$1,299,000

12 beds5 baths3,692 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $351.84
    Price per square foot

  • Over 50 Years Old
    Age

Explore 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# SB24215716

Courtesy Of Buckingham Investments, Inc.

(562) 208-4890

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Appliances
    Oven - Gas, Range, Range - Gas
  • Architecture Style
    Mediterranean
  • Cooling System
    None
  • Floor Covering
    Carpet, Tile, Vinyl
  • Roof Type
    Tile

Home seller CENTURY 21 Masters

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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